KRAUTER & COMPANY
There are several types of D&O policies currently available and they are generally
separated into three categories: Public Company, Private Company and Non-Profit
Entities. Public Company D&O has attracted a tremendous amount of attention in
recent years. This stems from the ever changing regulation of public companies along
with numerous high profile collapses. Many of the allegations facing Directors & Officers
surround accounting irregularities (including restatements) and securities fraud. With
Public D&O coverage, the entity is generally covered for only SEC related matters.
Mergers, acquisitions, or divestiture activities heighten the risk of a potential claim.
Private Company D&O is generally written in conjunction with Employment Practice
Liability Insurance. The policy usually extends to provide entity coverage to most types
of claims, and provides coverage to the employees of the corporation as well. About half
of all claims filed against privately held companies will stem from employees alleging an
Employment Practice Violations. The rest of the claims are brought by shareholders,
customers, suppliers, competitors and even governmental bodies.
Non-profit D&O has a similar structure to a Private Company Policy, but can also extend
coverage to committee members and volunteers. Claims against non-profit directors
and officers come from donors, employees, recipients of service, vendors, competitors
and governmental bodies. Litigation can be costly and become a financial burden to the
WHY KRAUTER D&O?
Krauter & Company’s Management Liability Group has extensive experience placing
D&O coverage for each type of program. Many Krauter team members have has
professional experience as underwriters, offering clients a unique perspective and
benefit to program placement.
MORE INFORMATION? CONTACT US.
For more information about Krauter & Company’s D & O capabilities and