Directors & Officers Liability Insurance
Directors & Officers Liability Insurance Information
What is D&O insurance?
Directors and officers liability insurance covers a company’s directors and officers for claims made against them. Also known as D&O insurance, the policy protects against allegations of wrongful acts when acting as company executives. Wrongful acts may consist of misstatements, errors, breaches of duty and more.
D&O insurance is recommended for publicly traded companies with a corporate board or advisory committee. Many investors and board members may refuse involvement unless this protection is in place.
What are the benefits of D&O insurance?
Employees, stockholders and customers are able to make claims against a company and its directors. Whether grounded or frivolous, the resulting legal expenses and reputation damage can be extensive. Directors and officers can be held responsible for the acts of a company, which puts their personal assets at risk.
D&O insurance protects companies and their officers from criminal, civil and regulatory proceedings from allegations of wrongful acts.
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Protect your company’s interests. Call us to learn more about the benefits of D&O insurance. We will discuss you needs and search for a policy that best matches your business’s needs.