In today’s highly competitive market, running a business demands top-tier talent. You trust your directors and officers to make important decisions with your firm’s best interests in mind. Directors and officers (D&O) insurance coverage can help you attract, retain and empower these employees because it ensures they will not be personally sued for the work they do for your organization.
What Does D&O Cover?
We design policies that insulate against the specific risks your directors and officers face, including allegations of misrepresentation, securities litigation, regulatory claims and breaches of fiduciary duties.
D&O insurance can also be written to provide personal protection from bankruptcy. We can design your policy to include indemnification, which shields the personal assets of the directors and officers and covers legal costs stemming from litigation.
Who Needs D&O Coverage?
Here at SBB, we recommend that any company with a board of directors, whether public, private or non-profit, should have D&O coverage in place. That’s because D&O insurance protects your board of directors from lawsuits related to misuses of company funds, misrepresentations of company assets, breach of fiduciary duty and non-compliance. Some executives won’t even consider joining a company that does not have a D&O policy in place.
See how we can help design D&O coverage that will help you attract and retain top talent. Start with a quote today.