D&O Insurance: Why Do You Need It?

Directors and officers insurance protects the people who choose to contribute their time to your business. This allows you to continue to attract high-quality members.

Individuals who serve on a board are being held accountable for the actions or direction of the businesses they oversee.

As a board member, your assets may be at risk due to a legal battle. Give back to your community while covering your back.

Risk Scenarios

• Scenario 1: Your company acquires talent from another business and starts to promote a similar product. The business sues you for potentially stealing their intellectual property rights.
• Scenario 2: You sit on a board of a school and collectively make a decision that a group of parents disagree with. In a legal case, your personal assets could be at risk.

Speak with one of our award-winning insurance brokers about how to provide personal coverage for the leaders in your organization.

We’re equipped with knowledgable team members that can help you carry out important contributions while maintaining the safety of your assets.

How Are You Covered?

Participating with an agency, on a board of directors, committee, or task force has some risks.

You could have the following scenarios:

• Shareholder actions
• Decisions exceeding the authority granted to the board member
• Reporting erroneous material
• Employment practices & HR issues
• Misrepresentation
• Failure to comply with regulations or laws
• Inaccurate disclosure (such as profitability, for instance)

What’s Not Covered?

• Criminal, fraudulent, or intentional non-compliant acts.

Talk to one of our brokers today to discuss your business or voluntary efforts. We will provide you with the best coverage at great prices. Do what you do best on a daily basis.