Directors & Officers (D&O) Liability Insurance:
Coverage for your Officers and Board of Directors
Directors & Officers Liability Insurance is a must have for any reputable brand or organization. In the event that legal allegations are brought against a senior officer or a board of directors, due to poor decisions, D&O insurance will make sure you have the means to protect yourself and your business.
Do I really need D&O Insurance?
Yes, any company (Public, Private, or Non-profit) with a board of directors, committee or senior officer, should invest in D&O Insurance! Even as a small and locally owned business, Directors and Officers Liability Insurance is necessary. Examples of events where D&O insurance can play a role can include mishandling company information or improper human resource procedures. Protect your assets and contact Pearson Wallace today!
What does a Directors and Officers Liability policy cover?
We’re glad you asked! Directors and Officers Liability Insurance covers a large range of lawsuits, but most often you’ll see D&O policies protecting companies from things such as:
Fraud
Misuse of Funds
Misrepresentation of Assets
Breach of Duty
You may also be protected from claims like, failure to comply with workplace law, theft of intellectual property, and lack of corporate governance. D&O Insurance typically does not protect against illegal actions or profits.
I want to be protected, what do I do now?
To insure your business, contact a Pearson Wallace agent today, we can walk you through plans and answer any questions that you may have. Plan premium is based on a number of different factors, including but not limited to, legal history, assets, debt, and revenue.
Pearson Wallace Insurance business insurance agents operate throughout New England and Massachusetts serving: South Boston, East Boston, Dorchester, Amherst, Pittsfield, Southern Berkshire County, Sheffield, Great Barrington, Lee, Lenox, Stockbridge, West Stockbridge and all towns and cities in Western MA!