Businesses To Be Prepared With Proper Insurance and a Disaster Recovery Plan For Natural Disasters and Terrorist Acts
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Insuring Wrongful Acts

Marsh has a clever insurance policy to pay out to companies which are required to claw back up to two years pay from executives if they are found by the US FDIC to have broken certain rules. It's been a good seller as executives are nervous about this new penalty. You can believe that! However, all is not clear. The cover is only for unintentional wrongful acts, not intentional wrongful acts, a distinction which will not always be clear, and which may take many years to determine.


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