Directors & Officers Insurance

In companies both large and small, executives can be at risk when making decisions that could potentially create a financial hardship for a client.  While the company can be sued to recuperate the losses, the company officers and board of directors can also be at risk.  Even small businesses need to attract top-notch talent for their executive team who are innovative thinkers and strategists.  These leadership individuals are attracted to companies that provide coverage which protects them from risks associated with quick decision making.  Lawsuits can happen at any time and in this global marketplace, companies can be sued for crimes committed under international laws that are unfamiliar to the typical executive. Directors’ and Officers’ (D&O) insurance can protect your company assets as well as the personal assets of your executives when this type of situation occurs.

Protect Your Decision Makers
Attract Investors

While providing D&O insurance for your executives attracts talented individuals to your organization, it can also bring investors to your door.  In fact, many large investors will insist on this type of coverage before signing on the dotted line.  When one mistake could cost the original assets of the company, investment stakes are at risk as well.  By providing this type of insurance, you’re showing that  their investment won’t be wasted on faulty business practices.

Directors And Officers Insurance is not insurance for negligence which is usually covered by Errors and Omissions insurance. Usually, D&O insurance is needed when a company is sued as a result of the actions performed by an executive while simply fulfilling the requirements of their job. As decision makers, company officers are at a high risk to be named in a suit and assessed a personal liability.  While your company is legally permitted to cover these costs, it can often be the sole responsibility of the executive.  Our professionals will work with you to determine the risks associated with your business and make recommendations based on your exposures to liability. 

Contact us for any questions you have on D&O insurance or any of our commercial lines.  We’re happy to spend the time to make sure you’re covered from your fleet insurance to your commercial property.