Minneapolis Lawyers For D&O Policy Disputes
Acting as the director or an executive officer of a corporation is a stressful occupation. The decisions you make have enormous consequences for your employees and your shareholders. Unfortunately, the heavy responsibilities that come with a leadership position also come with increased financial liability.
Shareholders, customers, suppliers and other interested parties have the ability to file a lawsuit against your company if they feel they have suffered losses as a result of your company's actions. Under certain circumstances, they may also take action against you individually, putting your personal assets at risk.
Most corporations purchase directors and officers liability insurance, also known as D&O insurance, to protect executives from this financial risk. Unfortunately, insurance companies often resist paying benefits to their policyholders; denials of coverage are an all-too-common event.
If your D&O policy coverage has been denied or the payment of benefits has been unduly delayed, the attorneys at Faricy Law Firm, P.A., can help you defend your rights and pursue the coverage you deserve. Our lead attorney, John Faricy, Jr., has been helping companies with their insurance disputes for more than 30 years. Let us put that experience to work for you.
Ready To Handle All D&O Liability Cases
In most cases, director and officer liability insurance protects against a wide variety of legal claims, including:
- Employment disputes: Many D&O liability cases arise over accusations of improper employment practices.
- Shareholder claims: It is common for shareholders to file claims against corporate executives, especially after an economic downturn.
- Competitor claims: Competitors frequently target each other with legal action related to antitrust and deceptive business practices.
- Breach of fiduciary duty: Accusations of breach of fiduciary duty can have long-term legal and financial consequences.
When you work with our law firm, our experienced staff will carefully examine your policy to determine who is covered and what types of claims the policy is intended to address. Then, we will push hard to counter the insurance company's interpretation of the policy, providing strong, well-reasoned legal arguments that support your position.
Contact Our Minnesota Lawyers
Director and officer liability insurance is a key part of country's corporate landscape. Without it, few companies would be able to attract top talent at the highest levels, as few executives would be willing to risk their personal fortunes in the course of their employment.
D&O insurance isn't worth anything, however, unless insurance companies pay for the events their policies cover. If you feel you have been wrongfully denied coverage or your insurance acted in bad faith, contact one of our Minneapolis attorneys for D&O policy disputes. We will provide individualized, in-depth legal assistance designed to place your company in the best possible legal decision.
To schedule a free consultation with our Minneapolis/St. Paul law firm, please contact us online or call 612.371.4400
Our law firm serves clients across the state of Minnesota and across the country.