Directors & Officers (D&O)
Mitigating the Risk of Lawsuits for Company Executives
in the Course of Performing Their Role.
Directors and Officers (D&O) Coverage
In today’s increasingly litigious society, private & public companies, both large & small, are concerned about and at heightened risk of their top executives be sued personally in the course of performing their professional roles.
Most often, suits are brought on by a disgruntled current or former client, but the plaintiff could also be a vendor, a prospect or a strategic partner.
Companies are wise to take these concerns very seriously, since not only are lawsuits incredibly disruptive, costly and essentially carry unlimited financial risks personally for each named-defendant, but also because 1 in 4 private companies have been impacted by this type of case within the past 3 years.
At JMP Insurance Brokers, we advise Clients that a decision to have Directors & Officers (D&O) Insurance — thereby transferring these types of risks to an insurance company — has now become the Norm rather than the Exception. In other words, D&O Insurance should be a staple coverage on the schedule of insurance for any type & size of public or private company, operating on either a for-profit or not-for-profit basis.
Coverage also extends to other critical & costly ancillary services — including all company legal matters & expenses being handled & paid for by the insurance company — regardless of the merits of the suit or is outcome. Allowing companies & their executives to get on with business at hand with less worry that an unfortunate lawsuit could bankrupt the company or its executives.
Request Quotes Today – By completing JMP Insurance Brokers Digital Quote Request. So your company is properly shielded & can continue soaring.