We understand the significant responsibilities and risks that come with being a director or officer of a company. Directors & Officers Liability Insurance (D&O Insurance) is essential for protecting personal assets and providing peace of mind to those making tough decisions at the helm of their organizations. This coverage ensures that directors and officers are defended against claims that may arise from their actions or decisions in their official capacities.
Leadership roles involve making decisions that can have profound effects on employees, customers, investors, and the financial health of the company. These decisions can sometimes lead to legal action against the individuals involved, potentially resulting in costly lawsuits. D&O Insurance is designed to cover the cost of defending these lawsuits, along with any settlements or judgments that may result from them.
Protects against claims of poor governance or negligent actions.
Covers legal expenses, even in cases where no wrongdoing is found.
Provides coverage for settlements,judgements, or court awards resulting from lawsuits.
Often included or available as an add-on, this covers claims from employees alleging wrongful acts such as discrimination, harassment, or wrongful termination
Tailored coverage to protect board members who volunteer their time.
Policies designed to cover both directors and the company itself against claims which may affect the financial health of the business.
Coverage that includes protections against shareholder suits over company performance or stock prices.
Navigating the complexities of D&O Insurance requires a partner you can trust. Our experts at Able Insurance offer personalized service, helping you understand your risks and how to manage them effectively with the right insurance solutions. We are committed to providing ongoing support, ensuring that your coverage evolves along with your organization.
Directors & Officers (D&O) liability insurance protects the personal assets of corporate directors and officers, and their spouses, in the event they are personally sued by employees, vendors, competitors, investors, customers, or other parties for actual or alleged wrongful acts in managing a company.
D&O insurance is essential for any corporation or nonprofit organization that has a board of directors or officers. It covers not only large companies but also smaller businesses and startups, where the personal financial risks to directors and officers can be significant.
While general liability insurance covers bodily injury and property damage claims against the company, D&O insurance specifically protects the personal liability of company directors and officers arising from their corporate actions and decisions.
Contact us today at Able Insurance. Our expert advisors are here to help you find the best coverage and answer any questions you may have.
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