Do you own a company or small business? Does your organization face risks and liabilities due to the nature of the work it performs? Does legal action sometimes threaten the financial stability of your business? If so, you may want to consider purchasing directors and officers insurance. This unique type of insurance can protect your company from any losses or damages it may incur as a result of legal action taken against its directors and officers. This article will describe some of the major benefits of D&O insurance.
One big advantage of having directors and officers insurance is the protection it can provide for your company against all kinds of legal actions. If there is a civil claim filed against your business, D&O insurance will usually help with the legal fees and expenses involved in resolving the matter. Similarly, administrative legal claims filed against your directors and officers can be covered by D&O insurance.
Another type of claim covered by most D&O insurance plans is the criminal claim. If criminal charges are brought against your directors or officers, it can be a lengthy and expensive legal process to get the problem resolved. D&O insurance can help you pay the legal fees involved, and it can even cover other losses your company is forced to take as a result of the legal action taken against your directors and officers. These are just a few of the many benefits of having directors and officers insurance. Visit our website for more info.