Directors and Officers Insurance

Directors and Officers Insurance

Directors and Officers Insurance

Directors & Officers Insurance (D&O) is a type of liability coverage that provides protection for the board members, officers and directors of your company or organization from lawsuits that can arise from them performing their duties.

This type of coverage protects their personal assets and is becoming more the rule than the exception with larger businesses and organizations. MWI Insurance Brokers can help evaluate whether this type of indemnity coverage is appropriate for your situation. Listed below are some of the risks to consider.

Directors and Officers Insurance

D&O Insurance Risk Considerations:

1.

Legal Defense / Legal Representative Expenses

2.

Costs Arising From Extradition Proceedings

3.

Civil Fines / Civil Penalties

4.

Damages

5.

Judgements

6.

Bail Bond Costs

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Some business relationships may require you to have D & O insurance. With the amount of lawsuits in our society today it’s becoming more important to evaluate whether it’s a necessary protection for your top level decision makers.