4 Benefits of Having Directors & Officers Insurance

4 Benefits of Having Directors & Officers Insurance

Directors & Officers Insurance provides protection to the Management Team of a corporation for claims involving Economic Loss, Employment Related Suits, and other claims that are not covered by the Corporation’s General Liability Policy


 

Here are 4 reasons to buy D&O Insurance.

 

  1. Directors and Officers can find their personal assets are in jeopardy for decisions made while serving on a board.

  2. Makes it easier to attract quality directors to the board because of the protection afforded. Some people with excellent qualifications will not serve on a board unless they are protected. 

  3. Makes it easier to attract an inside management team because of the protections afforded. This is often a requirement for candidates for senior positions in a corporation. 

  4. Some state laws mandate that a corporation provide indemnification for directors and officers. In the absence of insurance, the corporation would have to foot the bill.

 

Serving on a board can be a very rewarding opportunity. It also carries with it a number of inherent risks. Be sure that you and your assets are protected.

 

If you are looking for more information on Directors & Officers Insurance, Cick HERE!