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.
Also known as Errors and Omissions Insurance, this coverage provides defense and damages for failure to or improperly rendering professional services. Professional liability insurance is applicable for any professional firm including lawyers, accountants, consultants, notaries, real estate agents, insurance agents, hair salons and technology providers to name a few…
- Your SaaS marketing/sales platform develops a bug and clients using it lose money due to payments that go unprocessed – you need to know your company is protected if clients file complaints or law suits
- Your professional service doesn’t live up to customer expectations and they allege you haven’t honored contractual obligations
- You’ve just launched your own real estate brokerage and customers are materializing – this exposure is great, but you need to protect your investment from the possibility of customers’ expectations not aligning with the professional services you deliver
At Solace Insurance our business is to help you protect your business. Rest insured.
Call a knowledgeable Solace business insurance agent today at 1.800.915.0969