Directors & Officers Insurance
Directors & Officers Insurance is a type of liability coverage that provides protection for the board members, officers and directors of your company or organization as well Non- profit, Public traders from lawsuits that can arise from them performing their duties.
This type of coverage protects their personal assets and is becoming more the rule than the exception with larger businesses and organizations. Ovation Risk Planners can help evaluate whether this type of indemnity coverage is appropriate for your situation. Some of the risks to consider are:
- Legal defense costs
- Legal Representative Expense
- Costs arising from extradition proceedings
- Civil Fines / Civil Penalties
- Bail Bond Costs
Some business relationships may require you to have AL, AZ, CA, CO, CT, FL, GA, MD, ME, NC, NY, NJ, OH, PA, SC, TX, VA, WV, and others states D & O insurance. With the amount of lawsuits in our society today it's becoming more important to evaluate whether it's a necessary protection for your top level decision makers.