Scottsdale Arizona Directors’ & Officers/Employment Practices Liability Insurance
Details about D&O/EPL Insurance Offered in Scottsdale, Arizona
If your company has investors, especially Venture Capitalists, they will often insist upon you having Directors and Officers coverage for your Scottsdale business.
Over 50% of D&O/EPL claims are related to employment practices such as wrongful termination, harassment, discrimination, and more. Any of these types of litigation can cripple a company, wasting the company’s profits on legal expenses and settlements. Employment Practices Liability can provide coverage for claims arising from Title VII of the Civil Rights Act of 1964, The Americans with Disabilities Act, the Age Discrimination in Employment Act, The Equal Pay Act, The Pregnancy Discrimination Act of 1978, The Immigration Reform Control Act of 1986, and The Family and Medical Leave Act of 1993. At PJO Brokerage, we want our clients to succeed and to have the proper coverage they need to effectively operate their business. Call us today for a quote.
Scottsdale Directors and Officers Liability Insurance coverage is a necessary part of managing a private or publicly traded company, considering the current litigious environment. Directors and Officers are held to a high standard and have legal responsibilities to shareholders, investors, creditors, employees, and others. The public is increasingly holding directors and officers responsible for the day-to-day operations of their companies and its profits.
Directors and Officers can be held personally responsible for the investment decisions of the company’s portfolio of assets. D&O Liability insures corporate directors and officers against claims, usually by stockholders, alleging loss arising from mismanagement. The insurance is divided into two separate coverages. One coverage reimburses the corporation for payments made to its directors or officers for loss incurred because of wrongful acts. The other coverage pays on behalf of the directors or officers themselves. D&O policies are written as “claims made” policies. Coverage is determined by the date the claim is made subject to a retroactive date. PJO Insurance Brokerage has several markets for these coverages to ensure your company’s directors and officers are covered in the event a lawsuit brought against your business.
Arizona Revised Statute on Directors and Officers Insurance
PJO Insurance Brokerage
By Patrick O’ Neill
4103 E. Prickly Pear Trail
Phoenix, Arizona 85050