While business insurance policies may provide coverage for the business itself, individual company officers may still be personally exposed to financial losses resulting from a lawsuit. To protect your company’s leadership, you can consider purchasing Directors and Officers (D&O) liability insurance. (D&O) liability insurance protects the personal assets of corporate directors and officers against claims brought by employees, vendors, competitors, investors, customers, or other parties, for actual or alleged wrongful acts in managing a company. It offers specific coverage not provided by general business liability insurance.
There are several types of D&O policies, defined by what liabilities, legal costs and other exposures are covered. The cost of D&O insurance is based on a variety of factors, including the type of business, your company’s revenues, whether you have had prior legal claims, and the amount of debt you’re carrying.
At Benrubi Law, our vast knowledge of insurance laws and regulations ensures that our attorneys are able to counsel clients in a complete range of officers liability coverage matters. We are dedicated to protecting policyholders and our Directors and Officers Liability insurance litigation lawyers will negotiate on your behalf and litigate your claim so that you receive all the financial benefits you deserve.