This is a broad contract covering the "wrongful acts" of any officer, director, and in many cases, "all employees" and the "entity" itself from virtually any action that is not covered by a general liability policy. This act may be intentional or unintentional and types of claims could include:
- Derivative stockholder suits
- Stockholder action against a board and its officers
- Certain SEC irregularities
- Employment practices lawsuits (wrongful termination, sexual harassment, etc.)
- Unfair trade practice allegations
- Community actions
- Vendor actions
