The types of Wrongful Acts

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File Info - INFO INSURANCE > Directors and Officers > The types of Wrongful Acts
Title: The types of Wrongful Acts
Description: * Misuse of Corporate Funds * Mergers and Acquisitions * False Advertising Allegations * Bankruptcy Suits * Companies Act Violations * Granting Stock Options * Customers Suit * Actions by Creditors * Fiduciary Responsibilities * Conflicts of Interest * Stockholders Suits * Anti-trust Violations * False Statements to Government Agencies * Auditing & Accounting Practices * Breach of Duty to Minority Shareholders * Management Integrity * Irregularities in Securities Issues * Quality of Management * Questionable Payments * Questionable Practices * Failure to Honor Employment Contracts * Civil Rights Denial * Misleading Representations * Imprudent Expansion * Inadequate Supervision * Actions Brought by Competitors * Financial Loss to Corporation * Collusion to Defraud * Public Activists Groups * Conspiracy to Defraud The Directors & Officers Liability insurance policy operates under two sections. 1. First section shall pay the loss of each insured for a wrongful act in the insured’s capacity as a director, officer or employee of the company to the extent that the company has not indemnified the insured. 2. Second section shall pay the loss of the company for a wrongful act in the insured’s capacity as a director, officer or employee of the company but only when and to the extent that the company has indemnified the insured for the loss.
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