Directors & Officers Liability Insurance and Other Policies That Larger Tech Companies Often Buy
- Directors & Officers Liability Insurance Policy: provides protection against lawsuits alleging that managerial negligence has resulted in economic damage to a third party or that a third party’s rights have been violated under state, federal, or constitutional law.
Potential claimants who file these types of lawsuits include investors, minority shareholders, creditors, competitors, and governmental agencies.
- Employment Practices Liability Insurance: provides protection against employees who file lawsuits alleging sexual harassment, wrongful termination, and discrimination. With the frequency of job-related court cases, employment practices liability insurance is essential for business owners today.