Guiding Executives, Corporations In D&O Liability Insurance Cases
Directors and officers liability insurance (D&O) covers a company’s former and current directors and officers, and usually the corporate entity itself, for defense fees and costs and damages incurred in connection with lawsuits alleging they committed wrongful acts or omissions while acting in their capacity as directors and officers for the company.
McKennon Law Group PC in Newport Beach, California, has vast experience in D&O insurance policies, which may also cover defense fees and costs incurred in connection with criminal and regulatory investigations and lawsuits. Potentially covered D&O insurance claims include claims made by shareholders — individually and on behalf of the company in shareholder-derivative actions, customers, regulators, and competitors (e.g., for anti-trust or unfair trade practice allegations).
We Have The Skills To Help
Unlike commercial general liability insurance, D&O policy forms vary from insurer to insurer and from industry to industry, which can drive up legal fees and costs necessary to resolve disputes between insureds and their D&O insurers. Although D&O insurers may not have a duty to defend, D&O policies often cover defense costs.
Whether and when a D&O insurer must advance defense costs often give rise to disputes. Moreover, most D&O policies are “self-consuming.” Insurance companies often take advantage of the complexity of their own policies and issue improper denials, especially when they rely on policy exclusions. It is crucial to retain an experienced attorney to assist you regarding your disputes with insurance companies.
We Are Reliable And Experienced So Call Now
McKennon Law Group PC in Newport Beach, California, has experience in litigating and resolving D&O insurance claim disputes for policyholders. We have worked with clients on hundreds of D&O cases and have secured successful results. Contact us online or by calling 1-800-682-4137 to get a free initial consultation. We help clients throughout Southern California and also have offices in Los Angeles, San Francisco, and San Diego.