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Directors and Officers Insurance
Directors and officers of a corporation have personal liabilities for duties imposed on them by various laws. Due to this stringent legislation, these duties are often demanding and arduous. Directors and officers insurance is intended to protect company directors and senior managers against claims that can arise from their decisions and/or actions while managing their business/company. The costs of a successful defense can be substantial, but with directors and officers insurance, you are covered.
Some of the common claims that can be brought against directors and officers are - breach of duty/neglect, trade practices and fair trading legislation, misleading and deceptive conduct in mergers and acquisitions, claims made by employees which can include unfair dismissal and sexual harassment, defamation, breach of contract and libel and slander.
The economic environment today is extremely complex and in some ways quite fragile. Any business decision can have far-reaching consequences and may not go over well with everyone in the company. This can put a decision maker's personal assets at risk. It is common practice for directors and officers of corporations and associations to be named in litigation arising from a variety of situations. Because of this, directors and officers insurance is becoming essential.
Buying a directors and officers insurance policy will not be easy. There are many things that you have to take into consideration. You need a policy that provides professional liability protection for the organization's directors, officers, board members, trustees, paid staff, and volunteers. When you come to us, we will be able to educate you on the various options available and empower you to choose the best option. To learn more, call us on our toll free number - 800-989-7990.
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July 16th, CAI-GRIE Billiards Tournament
SEE PHOTOS
July 28-30, CACM Expo
Disneyland Convention Center
Who to look for? - Michael Berg, Kimberly Lilley and Marianne Pick
August 6th, CAI-GRIE Bowling Tournament
4:30 pm - Brunswick Classic Lanes
1800 Hamner Avenue, Norco, CA 92860
Who to look for? - Michael Berg, Kimberly Lilley and Marianne Pick
August 10th, CAI-GRIE Luncheon
11:00 am - Riverside Convention Center
3443 Orange Street, Riverside, CA 92501
Who to look for? Kimberly Lilley and Marianne Pick
August 12th, CAI-OC Luncheon
11:30 am - Irvine Marriott
18000 Von Karman Ave., Irvine, CA 92612
Who to look for? Michael Berg, Kimberly Lilley and Marianne Pick
August 16th, CAI-GLAC Golf Tournament
8:00 am - Braemar Country Club
4001 Reseda Blvd., Tarzana, CA 91357
Who to look for? Michael Berg
August 25th, CAI-GLAC Luncheon
11:30 am - Skirball Center
2701 North Sepulveda Boulevard, LA, CA 90049
Who to look for? - Kimberly Lilley
August 27th, CAI-SD Luncheon
11:00 am - DoubleTree Mission Valley
7450 Hazard Center Drive, San Diego, CA 92108
Who to look for? - Michael Berg and Kimberly Lilley
September 10, CAI-SD Morning Program
8:30 am, Courtyard by Marriott
8651 Spectrum Center Blvd San Diego, California 92123
Who to look for? - Kimberly Lilley
BERG PHOTO GALLERY
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Common Interest Developments
There has been some discussion of revised Fannie Mae guidelines with respect to community associations. This discussion has brought confusion, and I hope to provide some clarity to the issue.
Fannie Mae presented Announcement 08-34 on December 16, 2008 titled “Project Eligibility Review Service and Changes to Condominium and Cooperative Project Policies.” Among the many items included in this Announcement are general policy changes regarding project eligibility requirements, and condominium association project insurance clarifications. More…
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