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Doug Miller
Vice President
Without the proper D&O liability coverage, a company puts itself, its future and especially its directors and officers at risk. In today’s litigious society, board members and company leadership are vulnerable to financially crippling lawsuits and personal liability claims.
My mission is to ensure clients are properly covered. For every client, I walk them through a comprehensive risk profile analysis. I examine their size, financial condition, geographic footprint (multinational vs. United States), ownership attributes, shareholders and claims history. This detailed, customized risk profile allows me to clearly communicate to the carriers our goals and negotiate the best price and coverage for my client.
The right D&O coverage and strong, ongoing relationships with the carriers are especially crucial when a business is in crisis or transition, including bankruptcy, merger or acquisition, divestiture or a lawsuit.
Recently, a financial services client found itself faced with severe D&O litigation. If it was not resolved, the company would be dissolved. Knowing up front that it would be difficult to obtain coverage, we devised an action plan that allowed us to maintain coverage.
In addition to D&O, I handle employment practices and professional liability, as well as crime and kidnap and ransom liability. I developed policy language for one of the world’s largest stand-alone crime programs. It covers perils that are excluded under standard forms, but are crucial to my client. This is another example of my approach to customized programs that match the needs of my clients.
20 Years in the Industry
Specialties: Directors’ & Officers’ Liability, Employment Practices Liability, Crime, Kidnap & Ransom and Professional Liability
Doug.Miller@hylant.com
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