Directors and Officers Liability Insurance
Directors and Officers Liability Insurance, also known as D&O insurance provides liability for individuals who oversee an organization. This policy is intended to protect these individuals from allegations of negligence or negligent acts during the course of running the business or not-for-profit enterprise. As the individuals insured are often considered accountable for the actions or inactions of the organizations that they are overseeing, D & O insurance is often considered an integral part of an effective risk management program.
D&O Insurance Liabilities Can Occur in the Following Instances:
- Allegations of breach of common law duties
- Breach of duties to shareholders
- Statutory liabilities at the state or federal level
Whether you are the director of a public, private or not-for-profit organization, a directors and officers liability insurance policy is vital to your corporation.
The better our agents know and understand your business, the better they can ensure you have the insurance coverages you need, while keeping costs reasonable. To take the next step in protecting your business with a directors and officers liability insurance policy, contact us today.
At The Hoylen Agency, any of our experienced, knowledgeable agents are ready to talk to you about specific coverage options to meet your needs. Just call (843) 665-2196, or stop by either of our locations.
Get an accurate directors and officers liability insurance quote today.