Saying we live in a litigious world is an understatement. D&O insurance protects directors’ and officers’ personal assets, as well as the company they lead, in the event of legal action. Not to mention, it can satisfy a board, investors and venture capitalists; attract and retain directors and officers; and increase the odds of surviving through a lawsuit.
Today, the risk is high of legal action, stretching across not only a business, but also to senior-level decision makers. And threats come from all sides, including employees, vendors, shareholders, competitors, and federal, state and city entities/regulators, to name a few. With comprehensive D&O insurance, all parties on your company’s side can be satisfied their risks are minimized.