Featured Publications

Labor, Employment and Benefits: Alert - February 6, 2012

The U.S. Supreme Court recently denied an employer’s request for review of a decision by the U.S. Court of Appeals for the Eighth Circuit, which held that tipped employees spending more than 20 percent of their time performing related but non-tipped duties must be paid the full minimum wage for that time, without the tip credit.

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Construction: Alert - January 30, 2012

For almost 50 years, lessors have had the ability to limit their liability for liens that arose from improvements to the leasehold made by a lessee. However, in the most recent legislative session, the Florida Legislature enacted revisions to Florida Statute § 713.10 that provide a potential pitfall for lessors by inserting a provision that may allow a contractor to lien the lessor's interest even where there is a recorded document advising of the limitation of liens.

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Books
Public Companies and Securities

Navigating The D&O Maze: A Handbook for Purchasers of Directors' and Officers' Liability Insurance
 
 June 14, 1997
 
Stephen J. Weiss- Washington

Buying directors' and officers' ("D&O") liability insurance requires navigating a maze of daunting complexity. Today, some 40 insurers offer a total of more than 80 different D&O policies. Even the simplest of these policies have an intimidating number of detailed definitions, exclusions and conditions, with nuances of wording that can have very costly consequences down the line. Narrow definitions and overly broad exclusions found in many standard policies can mean the difference between your policy covering a multimillion dollar loss or leaving you to pay the whole tab.

Fortunately, D&O policy forms are not cast in concrete. These policies are the most negotiable form of insurance coverage. Because D&O premiums are high, all insurance companies are willing to consider your suggestions and, in varying degrees, to tailor their policies to meet your needs by means of endorsements. Too few insureds avail themselves fully of this opportunity, and, as a result, many discover devastating coverage shortfalls after a claim arises.

This handbook is intended as a practical guide for purchasers of D&O insurance to help them secure full value for their premium dollars.

For more information or to receive a copy of Navigating The D&O Maze: A Handbook for Purchasers of Directors' and Officers' Liability Insurance, please contact the author, Stephen J. Weiss, 202-457-5920 or sweiss@hklaw.com. This book is a supplement to the Bowne Red Box Subscription Service. For additional information on this service, please contact Bowne Publishing, New York, (212) 229-7234 or visit www.pubs.bowne.com.

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