Protect Personal Assets with Director’s and Officer’s Liability Insurance

Serving on a board of directors is an honor and a huge responsibility. It requires a person of vision and business acumen. The expectations are high and if a poor decision is made, not only is the organization at risk, so are the personal assets of the one serving on the board. In today’s litigious society, it is imperative that companies and non-profit organizations protect their board of directors and officers.

At the Business Insurance Center, our network of experienced brokers understands the importance of retaining excellent members and officers. Who wants to serve on the board of a company if they can lose their home from an alleged wrongful act? We work with organizations across the country to get the best coverage for your needs without hurting your bottom line.

Types of Director’s and Officer’s Liability Insurance Coverage for Safeguarding Your Board

When you want to protect your board members, directors, officers, and managers, you need a reliable insurance package. Talk to one of our brokers so we can present you with the best options, including:

  • Private Company Liability: Helps protect directors and officers of privately held companies if a claim arises from potential mismanagement of the enterprise.
  • Errors and Omissions: This can help cover times of liability for committing an error or omission during the course of performing professional duties.
  • Non-profit Director’s and Officer’s Liability: Offers your non-profit organization broader errors and omission coverage than for-profit entities.

Reasons Directors and Officers May be Sued

The function of director’s and officer’s insurance is to protect the personal assets of corporate officials from lawsuits filed by employees, vendors, competitors, investors, and customers. There are a variety of reasons a suit may be submitted, including:

  • Breach of duty that results in a financial loss or bankruptcy
  • Misuse of company funds and assets
  • Fraud
  • Failure to follow workplace laws
  • Stealing intellectual property of a competitor
  • Failing to provide appropriate corporate governance
  • Reporting errors
  • Securities litigation

How to Determine if Your Organization Needs Protection

It takes one misstep to find your company or non-profit in deep trouble with a legal notice. It still may seem difficult to know if you need additional coverage. Consider these questions and then talk to one of our brokers:

  • Do you have a board of directors of a company or non-profit?
  • Are their personal assets higher than the organization’s assets?

Ensure Peace of Mind with the Help of a Trusted Advisor

Retain top-performing employees and board members when you have excellent protection through director’s and officer’s insurance. Talk with an experienced broker from our countrywide network to get the best coverage options at a great rate. We help businesses of all sizes across several industries. We are happy to assess your needs and create a tailored package for your company and non-profit. Experience quick response times and outstanding customer service when you reach out to us today.

Request a quote or call a location near you to speak with a knowledgeable and experienced broker on our team about directors and officers liability insurance. We have a 24/7 call center to serve you.

COMMERCIAL FLEET

Insurance for commercial vehicles

Learn More

CYBER CRIME

CYBER CRIME insurance policy

Learn More

RESTAURANT

RESTAURANT Insurance quotes

Learn More

CONTRACTOR

Insurance for construction site

Learn More

CONDO ASSOCIATION

CONDO ASSOCIATION Insurance quotes

Learn More

DAY CARE

DAY CARE Insurance quotes

Learn More

FARM

Insurance for Farms

Learn More

SMALL BUSINESS

SMALL BUSINESS Insurance specialists

Learn More

JANITORIAL

JANITORIAL insurance quotes

Learn More

POLLUTION LIABILITY

Insurance for factory

Learn More

WORKERS’ COMPENSATION

Workers compensation insurance quote

Learn More

NURSING HOME

Nursing Home insurance quotes

Learn More

CONVENIENCE STORE

Insurance quote for store

Learn More

DIRECTORS & OFFICERS

Insurance for company directors and officers

Learn More

MANUFACTURING

Insurance for manufacturing

Learn More

Business Insurance News

best covid 19 insurance for employees

Employee Focus During Covid-19

By

September 02, 2021

Covid-19 has made a major impact on the business world, and we have barely begun to understand or experience its effects. Many businesses had to transition constantly over the past 18 months with layoffs, closures, flex scheduling, remote work opportunities, and so on. More employees are working from home than ever before, so employees now …

5 Best Insurance Coverages for Businesses in 2021

By

September 02, 2021

When someone talks about “business insurance...

Business Insurance for Remote Employees in 2021

By

September 02, 2021

The recent pandemic has resulted in major changes ...



.

*Disclaimer: Insurance products are subject to terms and conditions, as well as exclusions that we cannot define on our website and blog. The content published here is only intended to provide you with an overview and general information about policies and products in the insurance industry. YOUR policy will carry details of the specific coverages, terms, conditions, limitations, exclusions. These will be governed by the underwriting guidelines applicable in your state.

If any policy provision is in conflict with the information provide on our website, blog or by any of our agents, kindly note that the policy language is controlling and supersedes all other sources. For more information, please contact your local office of The Nowell Agency.

Business Insurance Center is licensed to serve all of these states: AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY, Give us a call and let us show you why choosing Business Insurance Center is the right choice.

© Business Insurance Center Website & Marketing By Nuzu