Indemnification and D&O Liability

NIP has created one of the most important plans in a director's life... the NIP Director Protection Plan. We are the FIRST to develop such a Plan, the FIRST to implement the Plan... and the FIRST to focus on PROTECTING our country's Directors.

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 as directors 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.

Key Capabilities

• 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.
• 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.