Tag Archives: What is Directors and Officers Insurance

Research: Many Private Companies Not Insuring Against D&O Risks

Research Many Private Companies Not Insuring Against D&O RisksOnly 28% of Smaller Private Firms Purchase Directors & Officers Liability

A recently released report, “The Private Eye: Spotlight on the U.S. Private D&O Market”, indicates that private companies have a perceived lack of litigation risk when it comes to their directors and officers. According to Advisen Ltd, which provides insight into underwriting, marketing and purchasing commercial insurance, only 28% of firms with annual revenues below $100 million buy Directors

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What is Directors and Officers Insurance

What is Directors & Officers Insurance

What is Directors and Officers Insurance?

Directors and Officers insurance (D&O) is designed to protect a company and its leadership (directors and officers and key executives) against the potential consequences of alleged wrongdoings, such as financial mismanagement, misappropriation of funds, and negligence. A directors and officers policy can pay legal fees, damages, agreed-upon settlements, and some civil penalties. Depending on the policy, you may also get help for investigative costs.…

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