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.
- 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.
- What does D&O cover? It covers the directors and officers of the organization against lawsuits that may arise.
- Isn’t it expensive? No, it is quite affordable. Depending on the details of your organization it can be as low as $500.
- How do I obtain D&O insurance? Just give us a call, or submit a quote request through the website.