Protecting the Assets of Officers and Directors

Any company, along with its directors and officers, can face claims from employees, clients, and stockholders. Since directors or officers can be held personally responsible for the company’s actions, they risk their personal assets without proper protection.

Directors & Officers Insurance (D&O) is designed to shield these individuals in both for-profit and not-for-profit corporations. It provides coverage against damages from claims alleging negligent or wrongful acts performed in the course of their duties. Furthermore, this policy often reimburses the corporation—and in some cases, the directors and officers themselves—for a portion of the legal expenses incurred while defending against such lawsuits.

The licensed insurance professionals at Hilb Group can help you measure your risk and arrange the appropriate D&O coverage to protect your leadership team.