Directors and officers of organizations face a high level of legal risk because they make decisions that significantly impact the company. If a shareholder or customer sues the organization, the person suing can name the company’s directors and officers in the lawsuit, which then puts those executives’ personal finances at risk.
We recommend D&O coverage for any company that has a board of directors. It not only protects company leaders but also provides stakeholders with confidence that your company is invested in risk management.
There are three primary types of D&O insurance that you can choose from based on the specific risks your leaders face. Our knowledgeable agents can help you determine which coverage option is best for your company’s needs.
Provides financial protection for directors and officers as individuals if the company is unable or unwilling to pay for their legal costs.
Reimburses the company for legal costs if it indemnifies its directors and officers.
Covers the company itself for securities-related claims, typically found in policies for publicly traded companies.
Allied Insurance Managers has been a leading independent insurance agency in Michigan since 1987. Our team of experts will help you analyze the unique risks your company faces to ensure you’re getting the best coverage possible. By creating a tailored insurance program that includes D&O coverage, we can give your business a competitive advantage while also ensuring solid financial protection.
