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Directors and Officers
 
Virginia Bar Association Insurance: created by Virginia lawyers for Virginia lawyers. Formerly Virginia Barristers Alliance, Inc.

Serving Virginia's Legal Community Since 2001

Virginia Barristers Alliance, Inc., is now Virginia Bar Association Insurance.

 

This policy covers errors and omissions while serving as director/officer of an organization.

Allegations may include breach of contract, conflict of interest, using company assets for personal gain, and lack of due diligence. Claims can come from competitors, suppliers, fellow shareholders and others.

Why It's Important

A director can be held personally responsible for acts of the company, meaning his/her own personal assets are at risk. The event that leads to a claim often can be unintended. While these types of losses are infrequent, the costs can be very high.

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VBAI: Serving Virginia's Legal Community Since 2001

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