Your Board of Directors has a Fiduciary Responsibility
It’s the responsibility of your board of directors and officers to represent the best interests of shareholders in leading all business affairs within the law. Although they don’t have to be flawless in their decision making, they must perform their duties with diligence, loyalty and obedience.
The cost of a D&O lawsuit has doubled in the last five years. This means that your business needs to take measures to protect itself against wrongful act allegations for error, misstatement, misleading statement, omission, neglect, or breach of duty on behalf of the organization’s board of directors and officers.
Our experienced staff can address these risks through directors & officers liability insurance, protecting your board against otherwise non-indemnified losses, thereby protecting the personal assets of the directors and officers when no other financial protection is available.
Additionally, D&O liability insurance manages potentially severe indemnification obligations by covering losses incurred by directors and officers who are insured by the company.
D&O liability insurance isn’t just for public companies. A private company may still need coverage if it’s involved in raising capital, mergers or acquisitions, and most importantly, decision making protection.