Directors & Officers Insurance
Protect Your Senior Leaders with Directors and Officers Liability Coverage
As a growing business you know your senior leadership team can be your company’s link to continued growth and prosperity. These people are often asked to make the tough decisions that mean the difference between profit and losses for your firm. Their day-to-day decisions can have significant financial impact on the company and its products/services offered to the general public.
In today’s increasingly litigious society a company can simply not have enough protection against disgruntled stakeholders or customers. Directors & Officers coverage (D&O) provides personal liability coverage for your company’s senior managers, directors, and officers. It applies to both publicly traded companies and private entities.
D&O insurance protects these managers from legal liability that can arise when a third party makes a claim or files a suit accusing them of wrongdoing. It provides a broad range of legal and liability protection providing the accused operated within the law.
What Professions Should Consider Directors & Officers Insurance?
If your company fits within any of the following industries or professions, you should strongly consider D&O Insurance:
- Nonprofit Organizations
- Professional Services (Bookkeepers, Accountants, Lawyers, Consultants)
- Technology Firms