Directors & Officers Insurance
Your board of directors is charged with making decisions on behalf of the company that drive your strategy and future. This is all very positive – as long as news is positive and no legal or regulatory waves are made. But what about those ‘what if’ situations? Think of the headline-grabbing stories of elaborate schemes and wrong-doing by executives.
At times, such as when closing a round of institutional funding, filling a board seat, or responding to regulatory agency sanctions, directors & officers liability insurance protects your business from the actions taken by a board member on behalf of the company. Costs associated with legal action alone warrant a careful look at this coverage. That’s where we come in.
D & O liability can be written to cover for-profit businesses, privately held firms, not-for-profit organizations, and educational institutions. Solace business insurance agents can consult with you on your business model and help guide you on this type of coverage.