Directors and officers can be personally sued by share holders, creditors, employees, suppliers, customers, competitors or regulators. Suits can be bought for various reasons. Shareholders might sue for insider trading. Creditors might sue for misrepresenting the financial health of the company. Competitors might sue for anti-trust or unfair trade practices.
Being personally sued can be crippling for individual directors or officers. Just the risk of lawsuits might cause qualified individuals to refuse to take director or officer positions, or it could motivate existing officers or directors to act with excessive caution in pursuing a corporation’s interests.By insuring in Scurich Insurance Services directors or officers against personal liability for their own wrongful acts, D&O insurance addresses these concerns.
Any publicly traded company with a corporate board or advisory committee should consider director and officers liability insurance. Non-profit organizations and private companies could benefit as well from the protection offered by directors and officers liability insurance.
Violations of state laws resulting in fines or penalties
Pollution and nuclear waste.
Libel, slander and false imprisonment
Employment discrimination or wrongful termination
Cases involving insured-against-insured actions (i.e., one director suing another)
Failure to maintain proper insurance
Punitive damages.
Frequently Excluded:
D&O policies cover claims made during the policy period. It doesn’t matter when the wrongful acts occurred. A claim arising from a lawsuit filed this year for a wrongful act committed last year is covered by this year’s policy. Directors and Officers Insuranceis being customized for the unique needs of each client at Scurich Insurance Services. Coverage is generally for some fixed level of claims per year.
One big advantage of having auto insurance policies is that one can be spared from paying sky-rocketing vehicle repair fees.
The advantages of auto insurance are clear. Maintaining automotive insurance demonstrates financial responsibility. It provides peace of mind in that any bills resulting from an auto accident will be covered. What people often fail to remember is that there are also disadvantages to auto insurance.
No one wants to meet any kind of accident. However, no matter how careful we are, accidents may also take place. For instance, even the most careful drivers can still meet accidents on the road due to some reasons. At one point of our life, all of us are perhaps bound to meet any kind of accident. Aside from the physical and emotional harm, it may also cost financial burden on the victim’s part. For drivers, accidents are quite common and having auto insurance can help decrease some sources of stress in handling the situation.
Don’t wait until you get in an accident to think about Auto insurance. Get in touch with Scurich Insurance today. Don’t panic we are available through filling out the form below, Facebook, LinkedIn, and ourContact Us form.
Scurich Insurance
320 East Lake Avenue, PO Box 1170
Watsonville, CA 95077-1170
Office: 1-831-722-3541
Toll Free: 1-800-320-3666
eMail:[email protected]
More so than cats and dogs, birds are attracted to shiny objects that sparkle. This means that Christmas lights, garland and Christmas tree ornaments are going to be very attractive to a bird. But these items can be dangerous, even deadly to those avian friends.
Even a small bird has a powerful beak that can easily shatter a Christmas light, creating a situation that leaves the bird vulnerable to electrocution. Or, say a pet bird eats some garland – this can cause intestinal damage and even death.And then there are the ornaments on the Christmas tree – a large bird can easily topple a tree when landing, and a medium bird who can land on the Christmas tree can easily break glass ornaments as he explores them with his mouth.
With all these holiday decorating hazards, bird owners must take precautions. Clipping a bird’s wings will prevent flight, making it easier to prevent the bird from accessing the Christmas tree, the mantle and other locations. Constant supervision when out of the cage is also vital when these new, interesting and potentially dangerous holiday decorations are in the home.
Scurich Insurance wants to protect your whole family including your family companion. Click the link to see what else Scurich Insurance can offer you.
You do everything you can to keep your employees safe on the job. Still, an accident can happen when you least expect it. Just one injury can sideline an employee for months, leading to serious financial hardship. And since fault does not matter when it comes to workplace injuries, you may be responsible for an employee injured on the job.
Workers compensation insurance covers workers injured on the job, whether they’re hurt on the workplace premises or elsewhere, or in auto accidents while on business. It also covers work-related illnesses. It also pays a death benefit to heirs of an employee who dies from a job-related injury or illness.
Scurich Insurance Solutions have excellent workers compensation programs for specialty risks that require this endorsement. Our team of workers compensation specialists can assist you in determining what program is best suited for your business.
We found this video of these adorable twins speaking with each other, and of course we understood every word! We understand all of our customer needs even when its baby talk!
If you would like to learn more about Scurich Insurance and how they can protect you, please contact us. Check us out on Facebook.
Mike Scurich, Principal/Broker[email protected]
Mike began his insurance career in 1984 as a personal lines underwriter for Continental Insurance Company in Sacramento. In 1986 he joined USF&G as a commercial lines underwriter in San Jose, CA. The training and experience he gained in both positions are key to his success as an owner/broker for Scurich Insurance. Mike joined Scurich Insurance in 1989 and has been with the agency ever since.
He focuses on commercial accounts and enjoys working closely with and getting to know his clients on a personal level. Mike graduated from Santa Clara University in 1984 with a degree in English.
He and his wife Jennifer, live in Watsonville and have one daughter age 23 and two sons ages 21 and 19.
Directors and officers can be personally sued by share holders, creditors, employees, suppliers, customers, competitors or regulators. Suits can be bought for various reasons. Shareholders might sue for insider trading. Creditors might sue for misrepresenting the financial health of the company. Competitors might sue for anti-trust or unfair trade practices.
More so than cats and dogs, birds are attracted to shiny objects that sparkle. This means that Christmas lights, garland and Christmas tree ornaments are going to be very attractive to a bird. But these items can be dangerous, even deadly to those avian friends.
You do everything you can to keep your employees safe on the job. Still, an accident can happen when you least expect it. Just one injury can sideline an employee for months, leading to serious financial hardship. And since fault does not matter when it comes to workplace injuries, you may be responsible for an employee injured on the job.