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Directors & Officers Public, private and non-profit organizations need to be aware of the exposures their directors and officers face as a result of their daily decisions and actions. In the event of financial catastrophe, it’s not just the organizations’ assets on the line. Payment of defense expenses can deplete the organization of its earnings; but the personal assets, such as homes and properties of these organizations’ directors and officers are also on the line. Without adequate insurance coverage, the organization, and its directors and officers, could lose everything. Organizations want to attract and retain qualified people. Directors and officers of public, private and non-profit organizations need to keep their eyes open in order to avoid claims. By purchasing Directors & Officers Liability insurance, these organizations will have taken an important step to ensure that they will be prepared for claims that may arise whether it involves securities or otherwise. No two organizations have the exact same Directors & Officers Liability exposures. We can customize policies with individually crafted endorsements to offer comprehensive coverage that is tailored to the needs of each insured. Some organizations may have Director's sitting on the Boards of outside companies. For others, it could be environmental issues. An application along with most recent financial statements, prior claims information and resumes of all directors and officers are all that is needed in order to obtain a prompt quotation. For more information on how we may be of service to you, please call us toll free at 1-800-962-5524. |
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