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D&O FAQ’s

By anonymous
March 01, 2012

There are a lot of questions that you probably have when shopping for insurance.  What type of insurance do I need?  Why do I need insurance?  Will I need it if I am extra careful?  Even more specific, each policy can have their own questions.  Below are the most commonly asked questions regarding Directors and Officers (D&O)  insurance with answers.

  1. Why does my organization need D&O coverage?  Organization are comprised of board members.  These members are at risk if a lawsuit arises against the organization.  If there is a misappropriation of funds, the board member will be protected from losing their personal assets.
  2. What does D&O cover? It covers the directors and officers of the organization against lawsuits that may arise.
  3. Isn’t it expensive? No, it is quite affordable.  Depending on the details of your organization it can be as low as $500.
  4. How do I obtain D&O insurance?  Just give us a call, or submit a quote request through the website.

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