AVRECO - Your Specialty Risk Professionals

Directors & Officers Liability

The liability of Directors & Officers has increased dramatically due to business growth, consumer awareness, and legal trends, including stricter enforcement of rules governing negligence. AVRECO has a number of markets for both primary and excess D&O coverage.

Public corporations were once the primary target of D&O suits, and the vast majority of D&O lawsuits were brought by or on behalf of shareholders. Today, shareholder suits account for less than half of all D&O claims—therefore private companies face D&O liability exposure as well.

Classes of Directors and Officers Liability Business 

• Biotech and High Tech
• Start-up Companies
• IPO’s and PPO’s
• Financial Institutions
• Non-Profit Organizations
• Limited Liability Companies
• Manufacturers

Sources of Directors and Officers Liability Claims

• Labor relations
• Contract and loans
• Alleged dishonesty
• Preparation of financial statements
• Mergers & Acquisitions
• Financial loss to the corporation/Reduction of earnings

• Employees (Employment Practices)
• Customer & Suppliers
• Stockholders/Shareholders
• Regulatory Agencies or Government Bodies
• Prior Owners of Acquired Companies
• Competitors

Interested in learning more? Contact Peter Upjohn at (312) 294-5621 or .