Don't leave everything to chance; keep yourself protected with an insurance
In today’s complex operating environment, D&O claims brought by stakeholders such as shareholders, customers, vendors, competitors, suppliers, regulators, and creditors, present increased risk for companies across all industries. D&O insurance protects the personal assets of those individual directors and officers when the company they serve is unwilling or unable to pay for their defense costs and any settlements or judgments for which they are responsible.
Directors & Officers (D&O) Liability insurance is designed to protect the people who serve as directors or officers of a company from personal losses if they are sued by the organization’s employees, vendors, customers or other parties. D&O insurance can cover defense costs, settlements and other costs associated with wrongful act allegations and lawsuits. Directors & Officers insurance is an important aspect of a corporate risk management strategy and can help your company attract and retain qualified executives and board members.
Directors and officers are sued for a variety of reasons related to their company roles, including:
Side A Coverage:
Covers directors, officers for defence costs, settlement fees, or judgments if the company cannot indemnify them, such as if the company has declared bankruptcy.
Side B Coverage:
Covers the company for directors’, officers’, and employees’ losses when the company does indemnify them.
Side C Coverage:
Also called “entity coverage,” financially protects the corporation in its own right. Entity coverage may reduce the limits available to protect the individual officers and directors.
To keep pace with an increasingly complex risk landscape, and find the best fit D&O insurance coverage contact us today!
It might be time to switch insurers whenever the service that your existing insurer provides doesn’t meet your needs. For example, if you have a poor claims experience or an unexplained rate increase, it might be time to consider other options
If you cancel a previous policy before a new policy is effective, you could run into some serious financial problems.
Contact us today to help you with multiple options to choose from.
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