Directors & Officers Liability Insurance
Directors & Officers Liability Insurance Information
Directors and Officers Liability insurance covers a company’s directors and officers for claims made against them. The policy protects against allegations of wrongful acts when acting as company executives. Wrongful acts may consist of misstatements, errors, breaches of duty and more.
This insurance is recommended for publicly traded companies with a corporate board or advisory committee. Many investors and board members may refuse involvement unless this protection is in place.
Employees, stockholders and customers are able to make claims against a company and its directors. Whether grounded or frivolous, the resulting legal expenses and reputation damage can be extensive. Directors and officers can be held responsible for the acts of a company, which puts their personal assets at risk.
Pepe Insurance Agency offers free and comparative quotes on business insurance from many carriers so you can get the best possible rate. Request a quick business insurance quote today to get started.