Directors and Officers liability insurance is needed when there is an assembled board of directors within a business or organization. Often times, if your company has investors, as a condition, they will require you to have this type of insurance coverage.
Directors and officers contribute an invaluable expertise to a company. From the perspective of employees, investors and the public, it is directors and officers who balance a company towards success or failure.
With such responsibility, it’s essential to have the right Directors and Officers insurance in place. Directors and Officers insurance offers coverage for:
- Criminal, administrative, civil, and regulatory proceedings based on actual or alleged acts
- Errors, omissions, misstatements, neglect, or breach of duty
Directors and officers is important coverage related to the performance and duties of an executive team. Contact Rice Insurance today with any questions and to find out how your business can get the right coverage for its Directors and Officers.