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In Parts 1 and 2, we explored directors' duties, potential liabilities during financial challenges, and tips for mitigating personal liability risks. In the final part of our series, we provide additional strategies for directors to safeguard themselves and navigate financial challenges successfully. Directors should: ✅ Maintain adequate Directors' and Officers' Insurance. ✅ Exercise caution when providing personal guarantees. ✅ Stay informed about legal and regulatory changes. ✅ Understand personal asset structuring and the role of Trusts. By maintaining insurance, cautious guaranteeing, staying informed, and structuring assets wisely, directors can mitigate risks effectively and fulfill their duties confidently. If you have a client facing financial difficulties and needs to turn things around, contact us today to set up a meeting. #directorduties #rapseygriffiths

Oklahoma City, OK (November 18, 2024) - Federman & Sherwood investigates RBN and Associates, Inc. d/b/a RBN Insurance Services (“RBN”) for data breach. On November 14, 2024, RBN filed notice of a data breach with the Attorney General of Maine. RBN experienced a cybersecurity incident involving their network on May 15, 2024. RBN immediately launched an investigation into the incident. The investigation determined that an unauthorized third party gained access to the RBN network and accessed certain individuals’ personal and sensitive information. On November 14, 2024, RBN sent data breach notifications to all consumers impacted by the data breach.   The type of information potentially exposed includes: ·        Full Name ·        Address ·        Financial Information ·        Medical Information ·        Life and Health Insurance Information ·        Social Security Number ·        Other sensitive information   RBN and Associates, Inc. is an independent insurance agency headquartered in Chicago, Illinois. RBN provides commercial and personal insurance policies as well as employee benefits services to middle-market businesses across the United States.   If you wish to discuss this action, obtain further information, and/or participate in this litigation, please contact Tashia Poore either by email at tdp@federmanlaw.com or visit our firm’s website www.federmanlaw.com.   Tashia Poore FEDERMAN & SHERWOOD (405) 235-1560

Like you, we value long-term partnerships with our clients. However, many other financial services firms treat clients with a “one and done” mentality, prioritising immediate transactions over lasting relationships.  At John Lamb Hill Oldridge, we are proud to do things differently. 1. Completing the circle of professional advice   We work closely with many other professionals as part of a trusted adviser team; adding tangible value to their client offering. Every communication with John Lamb Hill Oldridge is handled with complete discretion. You will find our team responsive, proactive and always on your side, working towards the right solution for your client. We are a trusted partner to over 40 of the main private client law firms in the UK. These firms trust us to place large sums insured for their clients and provide knowledgeable advice around them. 2. Flexibility and control Protecting wealth is best approached as a continuous process. It’s important to review policies regularly to make sure they reflect any changes in your client’s life and to assess whether the cover they have in place is still appropriate. Our renewals and valuations team work continuously to ensure that we are in regular contact with our clients and their advisers. 3. Security and discretion We believe in a fully confidential service, and nothing is more important to us than the safety and security of your clients’ information. Our clients trust us to act on their behalf, provide innovative advice and long-term solutions and, just as importantly, manage the entire process with a detailed, expert eye to ensure their policies are executed with discretion, precision and efficiency. Visit our website through the link in the comments for more insights into how John Lamb Hill Oldridge can support your clients. _____   John Lamb Hill Oldridge | The UK’s Foremost Specialist Protection Adviser    #insurance #hnw #uhnw #protection #partnership #financialservices #clients

📣ICYMI, our VP of Management Liability, Chris Zanchelli, was recently featured in Insurance Journal where he spoke about Managing Liability Risks in Today’s Market. ❗️ There are several concerning trends that need to be carefully monitored within the directors and officers (D&O), employment practices (EPL) and fiduciary liability coverage lines, including the use of artificial intelligence (AI), corporate governance policies, ever-increasing defense costs and excessive fee litigation. Check out the article here 👉https://ow.ly/c3j450TwIKz

"“ABC” refers to the three sides of the typical D&O policy. The A side covers directors and officers. The B side reimburses the company for its costs defending its directors and officers. And the C side covers the company itself. Companies that get excess coverage have access to additional proceeds to cover costs once limits are reached. Legal costs for defending against a typical shareholder liability claim can quickly reach $5 million, not including settlement amounts, so for a company that only has a $1 million policy, insurance proceeds will quickly run out, he said. "

Legal system abuse is a concerning trend that inflates costs for consumers and businesses. From aggressive plaintiff attorney advertising to third-party litigation funding, these trends are burdening households and businesses. Check out the recent Business Insurance article by Maura Freiwald, Head of Casualty, Munich Re US and Bonnie Guth, Head of Government Affairs, Munich Re America Services, Inc. as they dive into the drivers, the long-term impacts, and steps to mitigate the risks of legal system abuse. 📣📣 <<<<<MENTION>>> @NAME https://ow.ly/Vby930sBYec

Legal system abuse is a concerning trend that inflates costs for consumers and businesses. From aggressive plaintiff attorney advertising to third-party litigation funding, these trends are burdening households and businesses. Check out the recent Business Insurance article by Maura Freiwald, Head of Casualty, Munich Re US and Bonnie Guth, Head of Government Affairs, Munich Re America Services, Inc. as they dive into the drivers, the long-term impacts, and steps to mitigate the risks of legal system abuse. 📣📣 <<<<<MENTION>>> @NAME https://ow.ly/CWsi30sC2tO

Small business's in all industries face the potential of lawsuits. These disputes can require substantial money, time and effort, and they can damage a company’s reputation. Click the link to learn methods that #SmallBusiness can implement to mitigate the occurrence and impacts of #Lawsuits: https://lnkd.in/eh8djw_U #SmallBusinessLawsuits, #RiskAssessments, #SmallBusinessCompanyPolicies, #SmallBusinessInsurance

In the latest ML Covered, we unpack the key events for those dealing with Management Liability Policies covering D&O, EPL and PTL-type risks. This month our team cover: 🧾 Director liable for company funds due to failure to keep proper accounting records 💰 High Court rejects liquidators' wide information request for being unreasonable 💼 The new duty to prevent sexual harassment: what does this mean for employers? And more. #Insurance #InsuranceRPC #Liability #ManagementLiability #Liquidation #Employers #EmploymentLaw

Legal system abuse is a concerning trend that inflates costs for consumers and businesses. From aggressive plaintiff attorney advertising to third-party litigation funding, these trends are burdening households and businesses. Check out the recent Business Insurance article by Maura Freiwald, Head of Casualty, Munich Re US and Bonnie Guth, Head of Government Affairs, Munich Re America Services, Inc. as they dive into the drivers, the long-term impacts, and steps to mitigate the risks of legal system abuse. 📣📣 <<<<<MENTION>>> @NAME https://ow.ly/HNj130sBY3X