hmm... Google says that error is related to Visual C++, so:
From the topic
First Aid : when Div2 does not start or crashes 3. Make sure the Visual C++ redistributable files are installed. You can install them from our DVD:
[DVDROMDRIVE]:\Support\Visual C++\vcredist_x86.exe
That's it. If that doesn't help, you may want to try uninstalling the game and reinstalling again (maybe even after a reboot after the uninstall) cause apparently that has helped people here as well...
Thess files are also available directly from
Microsoft.