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Testimonials

"When evaluating mergers and other transactions, firm leaders may not fully appreciate the professional liability exposure that can come along with the proposed combination. As firms need guidance in this area, I refer them to Lemme. From firsthand experience I have seen the exceptional service and superior results they bring. Lemme’s professionals are proactive in helping firms take a long-term view, building relationships and solutions today that support those goals into the future."

Allan D. Koltin, CEO
Koltin Consulting Group, Inc.

Directors & Officers Liability Insurance

Various state and federal laws impose basic responsibilities on the directors and officers of public, private and not-for-profit organizations.

These include the duties of governance, diligence, loyalty, and obedience. In addition, specific laws have been passed that further regulate the duties of Directors and Officers, including the Sarbanes-Oxley Act of 2002. This Act, although only applicable to public companies, establishes strict financial reporting and governance requirements. Many experts believe that similar regulations are also on the horizon for private companies. Breaching these duties can lead to personal liability of the directors and officers.

Insuring these risks through a Directors and Officers policy is vital to the stability of both the organizations and the people who serve in these capacities. Yet, insurance policy wording, pricing, and terms vary significantly amongst insurers offering these products. Lemme can assist your organization in both reviewing your existing coverage and in obtaining fresh options for Directors and Officers coverage in this rapidly changing market.