Contact Us
Murray, Schoen & Homer Inc.
71 North Avenue
New Rochelle, NY 10801
Tel: 914-632-8989
Fax: 914-632-9170
email MSH
Directors & Officers Liability
Before the 1930’s corporations were not allowed to indemnify their directors and officers. In the 1930’s Lloyds of London began offering Directors and Officers liability coverage to corporations. However, it was not until the 1960’s that corporations began to see the value to business owners and corporations. Directors and Officers liability insurance is different from general liability or business owners insurance because it provides financial protection for an individual or individuals. It usually does not cover penalties, punitive damages, fines or claims made on a criminal basis.
In today’s world, business owners more than ever should consider the need for directors and officers liability as a part of their overall insurance program. It provides coverage for directors and officers of an organization in the event they are sued in conjunction with the performance of their duties as they relate to the organization. The policy form is usually written to include coverage for the entity. As your business grows and your assets increase in value it is important to evaluate your options and see if directors and officers insurance is right for your business. As business insurance brokers, Murray, Schoen & Homer offers directors and officers liability programs for both profit and non-profit organizations.
Independent insurance brokers providing personalized financial planning and insurance services including homeowners insurance, business insurance, professional liability and group medical benefits. Murray, Schoen & Homer Inc is a New York State licensed insurance agency located in New Rochelle, NY and serves the surrounding Westchester County communities including Larchmont, Mamaroneck, Mt. Vernon, Harrison, Eastchester and Pelham, New York.
As a licensed entity in the State of New York we want to notify you that this is not an offer to sell insurance or an
advertisement of insurance anywhere except the State of New York, United States of America.