This is a special type of coverage for officers and directors of corporations when there are allegations of wrongdoing by shareholders and others who claim misfeasance or malfeasance in office. In essence, this insurance provides for lawsuit protection.
The insurance company must defend those officers and directors who are sued and provide settlement and judgment coverage for any monies to be paid as a result of those settlements and judgments.
Insurance companies have special duties in honoring their promises under these policies. It is important for you to have competent professional advice when such claims are made to make sure the insurance company lives up to its promises and obligations under these policies. We can provide guidance and representation in cases of directors and officers liability claims.
The sooner you resolve an insurance dispute, the sooner you can get your business back on track. From our San Francisco law offices, we are ready to help you move forward and protect your rights. Call (415) 440-7800 or contact us online today to schedule a consultation.