The Importance of Directors and Officers Liability Insurance

As the director or officer for a public company, you are under a lot of pressure to perform all of your responsibilities perfectly. When alleged mishaps occur, the legal fees and other costs associated with liabilities can result in financial ruin for both for you and your company. Fortunately, Directors and Officers Liability Insurance can help.

Directors and Officers Liability Insurance, also known as D&O Liability Insurance, is a type of insurance that is payable to directors and officers for public companies and private companies alike. It provides indemnification for losses or defense costs that result from alleged wrongful acts.

What is Included?

Not every D&O Liability Insurance policy is the same. When searching for the right type of insurance to protect you from the unique exposures that you face as a director or officer, be sure to look for a plan that includes the following:

  • High policy limits
  • Financial advisory consultation services
  • SEC Auditing Coverage
  • A high level of privacy coverage
  • The option for Defense Outside Limit
  • The option for First Dollar Defense

Ensure Proper Coverage Today

It is integral for directors and officers for public companies and private companies to carry proper D&O Liability Insurance in order to avoid financial ruin in the case of alleged wrongful acts. Do not be a victim of circumstances. Ensure proper coverage by contacting a reputable D&O Liability Insurance company today.