Authored by Sara Weathers

The directors and leaders of a business are tasked with making the important decisions for it and with this responsibility comes a level of high risk. A recent article from Insurance Business magazine discussed why directors’ and officers’ insurance is key for any business to have.

D&O liability insurance is meant to protect the senior management of businesses, both corporate and non-profit, against financial losses from business lawsuits. This type of policy can payout monetary losses from lawsuits, such as defense costs, settlements, and fines.

By having D&O insurance, business leaders can make decisions without fearing any personal financial loss. To read more about the three different kinds of D&O insurance policies, check out Insurance Business Magazine.

Have questions about your insurance policies and coverage? AdvoCap Insurance is always available to help!