So you have a company. It has grown to be quite the organization. You have a lot at stake. You have directors and officers in upper management positions. They are awesome, but they are also human. And as we all know, all humans make mistakes. However, this doesn’t mean you have to pay for them. It is a very wise idea to protect your directors and officers from litigation.
This is where Directors and Officers Liability insurance (D & O insurance) comes in. It’s pretty much a necessity these days. Having good D & O also helps you to attract the best people for the job because they know they are protected from lawsuits related to their job performance. It’s something you pay for but it protects your people. Heck, some jurisdictions REQUIRE this coverage to be provided for upper management. That’s how important it is.
How do you find this insurance? Easy. Go to US Insurance Online for a quick and free quote. They are the #1 place to go for all insurance quotes. It’s much, much easier than running around town trying to get quotes, or calling each insurance company individually. Screw that! We live in a complicated, fast world. Just do yourself a favor and make this decision easy by getting quotes from US Insurance Online.
Directors and Officers Liability Insurance Coverage
It is very common for companies to protect themselves as well as their directors and officers from this type of lawsuit by purchasing D & O insurance. Upper management personnel can be sued if they breach their contracts or fail to perform their duties. Your management may find themselves needing to make tough business decisions that might later find you and/or them in hot water.
Common sources of lawsuits covered by D and O insurance are shareholders, customers, regulators, and even competitors in the case of anti-trust or unfair business practice suits. It’s just a part of doing business. With lawsuits potentially coming from so many different places, this D and O insurance is really a necessity.
It is easy to see why more upper management candidates are requiring this type of protection. Many won’t even take a job offer before ensuring that this insurance is in place. Therefore it is almost an essential insurance to have in this day and age.
D&O Insurance Quotes
Now that you know you need D & O insurance, where do you find it? The simplest way to get a range of quotes is to go with US Insurance Online. They will quickly give you quotes for a directors and officers liability policy from top carriers. Then you can easily compare rates with minimal effort.
You had better have the right business coverage to fit your business model. Without it, you are at risk to lose your entire company and learn an expensive financial lesson. This insurance is designed to protect you during any successful litigations. We wouldn’t recommend waiting to see if you get sued to get this insurance. Visit US Insurance Online today to comparison shop for the coverage you need.
Need other coverage? Get a brief explanation of various business insurance types to see what else is available.