News Article
View from the Hot Seat: What Directors and Officers Need to Know about Their Personal Liability
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Risk Strategies’ experts-driven, specialty approach to risk and liability ensures you get coverage that will protect you from outcomes that could cripple, or end, your business.
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In today’s fast-paced world, businesses are constantly dealing with a multitude of risks, such as cyber crime, extortion, kidnapping and ransom, SEC scrutiny, litigation, and employment policy issues. We have the historical knowledge and experience to address the pressing issues surrounding industries like health care, education, finance, entertainment and real estate.
Risk Strategies’ Management Liability and Professional Liability practice provides protection with support for Directors & Officers (D&O), fiduciary liability, crime and fidelity, initial public offerings (IPOs) and employment practices. Small to Fortune 500 businesses, publicly traded and private organizations and not-for-profits alike choose us to protect them from incidents that could cost them everything.
Business needs change daily, whether you’re going through an IPO, addressing diversity and inclusion, or seeing an increase in workers’ compensation claims, our team takes swift and strategic action to protect your bottom line - no matter the risk.
Our consultative approach allows us to anticipate risks and leverage our relationships to architect the right solutions for your business.
When you are facing pressing business challenges, maximizing your success starts with the right partner. At Risk Strategies, you get a dedicated risk management consultant and partner with in-depth industry knowledge and 25 specialty practices. Our unique combination of industry specialization and expertise makes us a strategic collaborator. With decades of experience, we will work closely with you to understand your risk profile and help evaluate and benchmark your needs against industry peers.
Neil Krauter, Private Equity Practice Leader & Management Liability Practice Group - Co-Practice Leader - nkrauter@krautergroup.com
Donovan Nowell Management Liability Practice Group Co-Practice Leader - dnowell@risk-strategies.com
Our Executive Liability team was engaged by one of our West Coast offices to assist a large financial institution unhappy with its existing broker’s executive liability service. After digging into the client’s policy terms, the team discovered a serious weakness. The previous broker advised that the client had coverage when it came to informal SEC investigations. A careful analysis of the policy language showed this wasn’t true.
Information requests and management interviews wouldn't trigger coverage; a distinction that could leave the insured client with a potential $5 million problem. Our team understands that important problems are often shaded in the fine print. We dig deeper and negotiate the appropriate contract language that ensures our clients have proper coverage for real-world issues, like informal investigations.
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Neil currently leads a team of 10 management liability professionals in the Private Equity Practice Group and also Co-Lead the Management Liability Practice Group, in addition to his role on the Risk Strategies Executive Committee.
Neil heads up Risk Strategies’ National Private Equity Practice and its Krauter & Company division. Prior to founding Krauter & Company, Neil worked at Lloyd’s of London, Marsh, and AON, where he built out and managed the AON Mergers & Acquisitions Group. He was AON’s leading specialist in providing services to the Mergers and Acquisitions industry with well over 2,000 transactions to his credit.
Active in the private equity community, he launched the Private Equity Principal Group in 2014, which currently has over 130 members, and also serves on the board of the Private Equity CFO Association (PECFOA).
A leader in global Financial Lines with over 20 years of experience, Donovan develops strategic carrier partnerships to ensure market-leading terms and conditions, and ensures clients receive best-in-class services. He also constructs innovative market solutions through panels, MGUs and single carrier solutions.
Donovan has held key management positions with both Beazley and Willis North America, where he served as director and executive vice president, carrier relations. His broking includes expert executive liability program structure development and contract analysis, including Directors & Officers Liability, Employment Practices Liability, Professional Liability, Fiduciary Liability and Crime.
