National Insurance Partners, Inc. has created a director protection and conflict management division dedicated to better protect corporate directors and officers . We assist Boards of Directors
with ways to insure director protection by assessing
their new risks and providing innovative solutions which
enhance shareholder value. What sets us apart from the
other firms is our expertise in ‘director protection.’
Our Director Protection Plan is a powerful tool that
enables directors to comply with their responsibilities
in the face of increasing liability and exposure. The
Director Protection Plan includes an audit and review
of the indemnification provisions and directors’
and officers’ liability insurance, and performs
a comprehensive Critical Issues Assessment for directors.
This specialized Plan assists directors in developing
a greater understanding of the business through a number
of different ‘lenses,’ helps fulfill their
roles and responsibilities, and helps to protect their
personal assets. NIP performs these
services as an independent and neutral resource for
directors in their efforts to create shareholder value.
DIRECTOR PROTECTION PLAN
Indemnification and D&O Liability
Key Capabilities
It’s not just about buying more D&O insurance!
In today’s new world, many directors are unknowingly
not protected from personal liability. With directors
having more responsibility, more potential liability,
and a greater need than ever for protection, directors
must take steps to educate themselves about their exposure,
the various pitfalls, and take action to reduce the
likelihood of a problem creating personal liability.
The NIP Director Protection Plan is designed to help
directors better address the difficult issues in order
to effectively provide the leadership required of them
to help protect and enhance shareholder value.
The Plan responds to these needs by examining the
applicable indemnification provisions, reviewing the
D&O insurance coverage, and assisting the directors
in being as informed as possible regarding all important
matters of the business. But, more importantly, the
NIP Director Protection Plan provides the creative
solutions which directors need to be able to assure
their protection and enable them to perform their duties
effectively.
- Performs an independent evaluation of the current
indemnification policy provisions.
- Provides a comprehensive review of the current and
proposed structure and limits of your D&O insurance.
- Critical Issues Assessment
- Key Capabilities
- Performs a Critical Issues Assessment survey facilitating
director knowledge of sensitive
corporate issues (helps directors gain Business Judgment
Rule protection).
- Assists directors define their roles and responsibilities
in an ever-changing legal environment.
- Offers unique processes and procedures to identify
key forward-looking business trends
that could materially impact company performance.
- Interfaces with management and fosters support
for Board inquiries.
- Enhances shareholder value.
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