What is Directors and Officers insurance?
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previous answer about Key Man insurance is not the same. Key man is life insurance.\n\nD  &  O offers liability insurance for the directors & officers of a company to protect them from shareholder lawsuits claiming that they acted improperly in the discharge of their corporate fiduciary duties. It is hard to get directors/officers without offering them a level of protection.
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Here is a insurance news feed: http://www.findlocalinsurance.com/insurancenews.html\nFrom there you can stay current on mergers and bankruptcies.
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Each company has their own underwriting guidelines.  The companies have to file their rates with the SC insurance department.  The insurance department does NOT set the rates.
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Every aspect is -- and too much for me to research for you.  Do a seach for basic business or employment law.\n\nContract law covers the deal between employer and employee. Labor law covers the deal between employee and employer in addition if collective bargaining is involved.   Health and safety laws cover the work conditions, and minimium wage and other laws set basic compensation levels.  There are specific laws in many states limiting the effect of certain clauses in an employment contract, such as arbitration clauses or non-compete clauses.  The employment of officers and directors are covered by securities laws if a public corporation is involved.  Civil rights laws, both state and federal, cover issues of discrimination against employees or among employees on the basis of race, sex, age and cover issues of sexual harassment.  And so on and so on.
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It depends not only on the insurance company but also on the policy your employeer chooses.  Some of the best I have seen is Met Life for UPS employees.  They pay very little out of pocket.
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By getting a very large liability insurance policy because you are going to need it. Next best choice, talk with a good lawyer on how to insulate your company from liability claims.
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Juevenile policies and executive compensation related policies.
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Although there is no such thing as a "Board Director at large", your investor is probably telling you that in exchange for his investment he will require a seat on the Board of Directors of your company. As you know, the Board of a company is the group that legally controls what the company does, hires the CEO, etc. When you first start up a company, you can decide to make the board whatever size you want, and put whomever you'd like on it (including only yourself, as a matter of fact.)\n\nBut once you start dealing with outside investors, it is not at all uncommon for them to require that you all draw up and sign an Investors Rights Agreement, as well as other documents, which can specify all kinds of things about how the company will be run. In particular, these agreements can specify the size of the board (usually five directors, but sometimes as few as three or as many as seven), and also, more importantly, who gets to decide who the directors are.\n\nIn this case, your investor is saying that the investment agreements will guarantee that he, himself, is one of the directors, along with you and whomever else is on the board. By "at large" I believe he means that he is not an "inside" director; ie, one (such as you) who is an officer or other employee of the company.
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The major shareholders and board of directors.
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Employee and public liabilty insurance is a requirement for the occupier of any business premises. It is there to ensure she can meet her liabilities if an accident occurs. Not alot of people know that occupiers of all premises are liable if someone is injured on their property, even residential owners. The Unfair Contract Terms Act 1977 (I think that's the year) makes it impossible for an occupier of business premises to attempt to exclude or limit their liability for injury sustained on the premises. Whereas an owner of residential premises can do so i.e by placing a warning sign Saying for example THE OCCUPIER ACCEPTS NO LIABILITY FOR ANY INJURY WHILE ON THE PREMISES. There are alot of technical points to note with this; particularly in relation to children, however, so be careful and always seek proper advice.\n\nAs an employer she also suffers from something called 'vicarious liability'. This basically means that she is liable for the acts of her employees while they are performing duties assosciated with their work. i.e say someone comes into the hairdressers who is a celebrity (david beckham for arguments sake) a trainee junior gets asked to dye his hair for him and he has an allergic reaction to the dye causing his head to swell to the point where he can no longer see, hence stopping him from playing football. As the employer she is jointly liable for any claim that david, or real madrid, may make. This is reasoned by the simple and logical point that the employer sees the sole benefit of the employees work and so should bear the burden of the responsibility for that work.\n\nAs far as I personally am aware one is only legally required to take out public liability insurance under U.K law although it has been several years since I completed my legal studies on this particular subject and I may be mistaken!! It is always advisable to take out the employees insurance though; as I have already stated the owner of the business is vicariously liable for the acts of the employee and she would be the first person any decent lawyer came after as 1- she is likely to be insured 2- she is likely to have more money than the actual offender in the event of no insurance. Depending on the type of business this is(sole trader, partnership, limited company) may mean that she could, potentially, lose her house and everything else of value in the event of a claim without it.\n\nHope that helps.
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You can purchase insurance for this as part of your business owners policy.  Contact your insurance agent
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I mainly see advantages! If you are the majority stockholder you can always fire your board, but if you bring them on board (pardon the pun) wisely, you should never have to fire them!\n\nInformation obtained from The Entrepreneur's Survival Guide:\n\n"One sure way to bring in new ideas is to get outside assistance. Which is why it is so important to have an outside board of advisors or board of directors. If chosen wisely, the people on the board can help you through the tumultuous maze of building a business, and provide you with reality checks for your company and sanity checks for you. Lawyers, accountants, consultants and bankers can also be a great source of advice and counsel. By trying to go it alone, your road is surely tougher and the chances for success are certainly not as high as they could be otherwise."
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It's not required, but if you can find a medical malpractice insurer to write you a policy you should buy it.   Don't ever assume your employer is ever going to carry your liability because if, in a suit, you are found to be solely responsible, they will come after you and once they take the small amount of liability in your homeowner's policy (usually up to $50k), then they'll come after the rest of your assets.\nAn easy way to protect more of that is to buy an umbrella liability policy.  If you already have a homeowner's policy, you can usuallly get a $1-mil umbrella for under $150 per year.
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corporations are owned by shareholders, shareholders vote in a board of directors and the board selects company officers.
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Easy - Companies house - they hold details on all uk ltd companies inc accounts & directors. you can access everything online & its not too expensive
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It would be an insurance broker who represents insurers that specialize in one line of insurance or a particular industry, for example. \nThe brokers can provide a number of other services you may not think of like risk assessment or risk mitigation which can help you get lower premiums.  \nUsually the broker gets paid by the company through commissions.  You may only have to pay a small policy fee in addition to the premiums.
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It doesn't. Group Life insurance just provides 1 to 2 year worth of income protection in case you die. If you decide to leave the company, you will no longer have life insurance and will have to get your own. It is better that you get your own to get more coverage.