Directors & Officers Liability
Insurance Protection for Businesses in Albany, Buffalo, New York City, Syracuse & all across New York
What is Directors & Officers Liability Insurance?
Directors and officers liability D&O insurance covers a company’s directors and officers for claims made against them. Also known as Directors & Officers Liability Insurance, A D&O Insurance policy helps protects against allegations of wrongful acts when acting as company executives. Wrongful acts may consist of misstatements, errors, breaches of duty and more.
Directors & Officers Liability Insurance is recommended for publicly traded companies with a corporate board or advisory committee. Many investors and board members may refuse involvement unless this protection is in place.
What does D&O insurance cover?
A D&O policy may help provide financial protection for defense costs and indemnity coverage to a business, which may include the following:
- Coverage for individual directors and officers
- Protection for the organization or entity itself
- Reimbursement to the organization for a contractual obligation to indemnify directors and officers that serve on the board
Every policy varies, so it’s important to discuss what may or may not be covered under a D&O policy for your specific company with a Paris Kirwan Associates, INC agent today.?
What are the benefits of Directors & Officers Liability Insurance?
Employees, stockholders and customers are able to make claims against a company and its directors. Whether grounded or frivolous, the resulting legal expenses and reputation damage can be extensive. Directors and officers can be held responsible for the acts of a company, which puts their personal assets at risk.
Directors & Officers Liability Insurance protects companies and their officers from criminal, civil and regulatory proceedings from allegations of wrongful acts.
Get started today!
Protect your company’s interests. Call us to learn more about the benefits of Directors & Officers Liability Insurance. We will discuss you needs and search for a policy that best matches your business’s needs.