Bruce Sackrison’s Insurance Matters: Broken doors and broomsticks: a lawsuit to avoid | Business

The next week neither Price nor Rowen showed up at work on Monday, and both of their phones went to voicemail.

Within a few short hours, news surfaced that Price’s backdoor had been broken in, and Rowen was in custody.

Allegedly, he had been following Price, watching her comings and goings, and finally made his move. Thankfully, a security alarm brought local law enforcement officers in time to keep him from causing further harm.

Price wasted no time in getting a lawyer and filing a lawsuit against her employers for not taking her safety seriously. Browne and his fellow company executives now faced the possibility of personal financial ruin.

Do you own a business or hold a high position in a company? If so, Directors and Officers insurance is a policy you should seriously consider.

This type of insurance protects the personal assets of corporate directors and officers, as well as their spouses, should they be sued by employees, vendors, customers, or other parties due to mismanagement of the company.

While criminal acts, illegal profits and fraud are usually excluded from policies, there are many ways this type of coverage can protect your public, private, or non-profit company.

If you would like to talk about how Directors and Officers insurance can benefit your business, give me a call.

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