Directors & Officers Insurance
Directors and Officers Insurance, also known as D&O liability insurance can protect companies from damages resulting from their wrongful acts or alleged acts they may have committed in their positions. The policy primarily provides protection in the event of any actual or alleged error, misstatement, omission, or breach of duty.
Many companies do not purchase D&O coverage because it is not required in client contracts. Not protecting yourselves and your investors for a minimal cost can be a huge mistake and put everything at risk. Consult with Brown & Brown to see how we can help protect directors and officers from financial crisis.