Are you on a Board ? Does it Have D&O Insurance Coverage?

With the financial meltdown that occurred roughly a year ago, directors and officers have been in the cross hairs. Lawsuits against directors for bad decisions and mismanagement of their respective companies has increased. Which brings me to remind you the readers about being on volunteer boards and your liability exposure. If you are on a little league board, bank board, senior center board, etc... You are exposed to lawsuits from the decisions you make. Just because you are a volunteer you still may be sued. Make sure your board has a D&O insurance policy. This will give you the protection you need. Until next time, be careful out there. K
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