So…
You got an undergraduate degree…
You got an MBA…
You finished at the top of your class…
Then you managed to land an awesome job as an executive at a big corporation… Awesome pay… Awesome perks… You’re set!
Or, maybe not…
Remember, with a great position comes great responsibilities. As an executive, you’re responsible to your company, your shareholders, your employees, your creditors, and more. You have to follow the rules, as set out for you by the corporation. If not, and you can be held personally liable for mistakes.
Yes, YOU can be held personally liable… Personally liable for anything from mismanagement, financial losses, wrongful dismissal, employee discrimination. And, guess what? Ignorance is not an excuse – You NEED to know what you are doing.
It happens more often than you might think. Here’s an example of Blackberry executives being named in a lawsuit. See, it happens.
Not only that, even a frivolous lawsuit can cost you a bundle in lawyer fees.
So, what do you think about your new job now?
Don’t worry, your new job is still great. You can protect yourself from personal liability with a D&O insurance policy (Directors & officers).
See, that’s why a D&O policy is important!
Now, you have to remember, there is no standard D&O policy. Each insurer has their own specific coverages for directors and officers. When you call me, I can recommend a policy that fits you or your company. Also, a D&O policy isn’t just for big corporations – Even small to medium sized companies need the coverage. Call me, let’s talk about your particular situation.
