A company directors and officers can be sued over their management decisions by a whole host of constituents, including regulators, security holders, lenders, employees or others. This is true regardless of the size of the organization and whether it is publicly traded or privately held.
As a new industry with a frequently misunderstood history, companies in the bitcoin community frequently have difficulty in being heard by the insurance industry. This challenge often manifests in difficulty in procuring directors and officers (D&O) and professional liability (E&O) insurance. With a CEO who was the former Chief Underwriting Officer and General Counsel for AIG’s D&O and E&O subsidiary, the Bitcoin Financial Group can successfully bridge this gap in communication and knowledge.
Through its relationships with the top management in the largest insurance carriers, we can often procure management and professional liability even for the difficult risks, regardless of size and length in business.