Growth Navigator
Executive liability is a key exposure for most technology companies. Leadership, the most visible segment of the business community, is under increasing scrutiny from regulators, investors and the media. This scrutiny has a profound impact on risk management strategies. Consequently, directors' and officers' liability insurance has become an operational and financial imperative for technology, pharmaceutical and chemical firms. Protecting your directors and officers has never been more important in this climate of increased regulations, expanded guidelines and in-depth analysis of corporate governance. Strategy demands strong leadership. With Wired for Growth’s™ executive liability expertise, you can achieve best-in-class terms and pricing from carriers for directors' and officers' liability programs and employment practices liability programs. Directors and officers in organizations of every size, industry and location are under increased scrutiny from boards of directors, regulators and shareholders. Since 1996, the number of securities claims against executives has increased more than 287 percent in the average settlement values of shareholder class actions.* More significantly, the severity of the average securities claim has risen dramatically, from $10.2 million in 1996 to more than $36.4 million in 2004.* This means more directors and officers are being sued and settling for amounts 250 percent higher than a few years ago. The tightening of capacity and terms has further complicated the directors' and officers’ (D&O) insurance market. We offer your individual directors and officers the protection they need from personal liability and financial loss by accessing and implementing D&O insurance policies that fit your business profile.   EPLI is a critical element in a corporation's risk management strategy, particularly in light of the frequency and severity of employment claims. The number of actual direct litigation suits brought by the Equal Employment Opportunity Commission (EEOC) on behalf of employees increased in 2004 for the second year in a row from 364 suits in 2002 to 414 suits in 2004 continuing to reflect a more aggressive litigation approach by the EEOC. Employment Practices Liability Insurance (EPLI) provides employers with protection against many types of employment-related claims, including:
*Sources: Stanford Law School, Securities Class Action Clearinghouse, 8-4-03; Min Wu, New York
University Stern School of Business; Pricewaterhouse Coopers 2003 Securities Litigation Study
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