Directors & Officers Insurance

Directors & Officers Insurance for Business Throughout Bensalem, Southampton, Huntingdon Valley, Newton, Yardley, Warminster PA and Beyond

Directors and Officers insurance (D&O insurance) policies furnish liability coverage for company executives, shielding them from potential claims arising from decisions and actions taken in the course of their duties. In today’s intricate legal landscape, businesses confront an elevated risk of liabilities and litigations, often triggered by adverse news events. The acquisition of D&O insurance is a common practice among companies due to the escalating costs associated with lawsuits. Furthermore, a robust D&O insurance program is essential for attracting top managerial talent, given the inherent risks involved.

D&O insurance not only covers the defense costs incurred by board members, managers, and employees in responding to claims made by shareholders or third parties alleging wrongdoing but also extends to include monetary damages, settlements, and awards resulting from such claims. In instances where the company is unable to indemnify its directors, officers, or employees for amounts stemming from these claims, D&O insurance steps in to directly cover these costs, safeguarding the personal assets of the individuals involved. Conversely, if the company does provide indemnity to individuals, the D&O insurance policy will reimburse the company for such indemnification. Additionally, the D&O policy offers some coverage for the company itself in the event of a lawsuit.