BUSINESS INSURANCE
SOLUTION.COM
BUSINESS INSURANCE SPECIALIST
1-916-723-7825
1-800-315-0507
EMAIL: agent@businessinsurancesolution.com
DIRECTORS AND OFFICERS LIABILITY
INSURANCE
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What is Directors and Officers
Liability Insurance? While a company is
legally permitted to cover the personal liability costs resulting from
activities performed on behalf of the company, this ability, called
indemnification, may not apply to every situation. In some cases, the
financial burden of the liability is the sole responsibility of the director
or officer or other insured. The primary purpose of D&O insurance is to
fill in these gaps, protecting the personal assets of the individual director
or officer. Further, many D&O
policies offer two additional extensions protection for service by directors
or officers of affiliated or unaffiliated entities who are serving at the
organization's request or direction (terms vary significantly), and
protection for personal liability relative to employment practices claims. In
some cases, non-officer employees are also covered in such capacities. Most organizations,
both public and private, can benefit from D&O insurance |
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WE PROVIDE BROAD RAN |
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