Are you considering accepting a directorship? This is a big move for your career and it is indeed the ultimate aspiration for many people. However, there are responsibilities that come with such positions and you should therefore consider your liability.
At Schleifman Law, PLC, based in Arlington, VA, we assist you with every legal aspect of Directors’ and Officers’ Liability insurance because we appreciate the risks involved in your role. The breach of any rules advertently or inadvertently, could lead to quasi-criminal and civil proceedings which could ruin your career. Our legal services are designed to offer liability cover consultancy for company directors and managers to protect them, from the moment they sign the contract to when we achieve complex damage claims resolution.
As a director or manager in a corporate body, there are different types of insurance policies to protect you in the course of your job. Side A coverage policy covers the personal liability of company directors and managers when not indemnified by the company. There is also Side B coverage, or Company Reimbursement Coverage, which protects businesses when there is indemnification for individual directors and managers. This protects your company’s assets.
The third coverage, Side C, or Securities Entity Coverage, offers protection for the company in case there is a claim against it due to a wrongful act arising from the trade of its securities. The last option of liability coverage is known as Side D coverage, provides a sublimit for investigative costs coverage in case of a shareholder’s demands.
There is a myriad of situations which can lead to a claim against you. These include reporting errors, employment practices, shareholder actions, failure to comply with regulations and inadequate disclosure, among others.
At Schleifman Law, PLC, we have the legal expertise to assist you in your defense. We appreciate this is a convoluted area of law and this is the reason we assist you to scrutinize your contract, the coverage offered and finally in litigation. In essence, we assist you in risk management by making you aware of all legal obligations to protect you from unforeseen liabilities.
With years of experience in the industry, Paul S. Schleifman has guided the firm to become the most dependable legal partner in Arlington, VA. By offering these professional liability insurance legal services we want to protect you against any adverse financial effects in case of a legal claim.
Contact us today and let us come up with the best D & O insurance cover defense to suit you.
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I interviewed several attorneys before I met Mr. Schleifman. He gave me the confidence that my case would be handled competently and with much thought. And it was!
Justice did prevail. Our heartfelt thanks.