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Management Liability

What triggers a D&O claim for a Georgia private company?

A D&O policy pays defense costs and settlements when directors or officers are personally sued for decisions made running the company. Management liability claims in Georgia most commonly arise from: investor or lender disputes after the business underperforms, wrongful termination or discrimination claims by employees against executives, regulatory investigations by the Secretary of State, Department of Labor, or other agencies, and disputes between majority and minority shareholders. Without D&O, board members are personally liable for legal defense costs even on groundless claims. Legal defense alone on a Georgia D&O claim typically runs $75,000 to $250,000.

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