Do you use “and” or “nor” when followed by a pronoun?

Question

For example,

Claims are not liable to insurers, investors, nor S Corporation and its owners.

Claims are not liable to insurers, investors, S Corporation, nor its owners.

Which conjunction would you use?

Answer 1

First of all, your first example is incorrect as a list can only have one conjunction.

To answer your question, 'or' is the correct conjunction. 'And' is not applicable because this list is about something that does not happen, and 'nor' is only used after 'neither' as in:

Neither John nor Bob wanted to go to the supermarket.

Therefore, your sentence should look like this:

Claims are not liable to insurers, investors, S Corporation, or its owners.