Directors and officers (D&O) liability insurance helps protect a company’s directors or officers from personal losses if the organization’s employees sue them, vendors, customers, or other parties. D&O insurance can cover defense costs, settlements, and additional costs associated with wrongful acts, allegations, and lawsuits. D&O insurance is essential to a corporate risk management strategy and can help your company attract and retain qualified executives and board members.
PrimeWest Knows D&O Liability Insurance
All organizations, whether public, private, or nonprofit, and the people who lead them are vulnerable to many D&O exposures. These exposures may include securities litigation, regulatory actions, and misrepresentations. We help businesses understand D&O liability coverage.
Who is D&O Insurance Right for?
Any business with a board of directors, including private companies, public companies, and financial institutions, should have D&O liability insurance coverage. Claims against companies and their directors and officers are increasingly common.
Suppose your business works with vendors or government entities or has employees or customers. In that case, you may have exposures that could make your organization and its executives vulnerable to costly legal action.