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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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November 10th, CAI-OC Luncheon
11:00 am, Irvine Marriot
Who to look for? Michael Berg, Kimberly Lilley & Marianne Pick
November 12th, CAI-GLAC Casino Night
6:00 pm, Sportsmen's Lodge Studio City
Who to look for? - Kimberly Lilley
November 16th, CAI-GLAC Luncheon
11:30 am - Skirball Center Los Angeles
Who to look for? Kimberly Lilley
November 17th, CAI-GRIE Luncheon
11:00 am, DoubleTree Ontario
Who to look for? Marianne Pick
December 2nd, CAI-GLAC Holiday Happy Hour
4:00 pm, Bel Air Crest Country Club
Who to look for? Kimberly Lilley
December 6th, CAI-OC Holiday Toy Drive
5:30 pm, Andrei's Irvine
Who to look for? Michael Berg
December 8th, CAI-GRIE TOPS Breakfast
8:15 am, Riverside Convention Center
Who to look for? Kimberly Lilley & Marianne Pick
December 9th, CAI-SD Awards Luncheon
11:00 am, DoubleTree Mission Valley
Who to look for? Kimberly Lilley & Bridgette Tabor
December 14th, CAI-GLAC Luncheon
11:30 pm, Skirball Center Los Angeles
Who to look for? Kimberly Lilley
December 15th, CAI-OC Luncheon
11:00 am, Irvine Marriott
Who to look for? Michael Berg, Marianne Pick & 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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