Employment practice concerns will reach many businesses in the country during 2000. A lawsuit can cost a company hundreds of thousands of dollars, significant employee unrest and public relations damage that can take years to undo. Directors and Officers of small and mid-sized privately owned companies need directors and officers liability insurance because of the startling increase in case filings. Managers risk being sued for decisions they make in a typical day. The dangers have multiplied and the judgements can be disastrous.
Many fiduciaries mistakenly believe that they are.
The truth is that only specific fiduciary liability coverage policies adequately protect your needs. Be sure your clients do not rely on coverages that are intended for other purposes.