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Chicago Directors and Officers Insurance

 

Overview

Directors and Officers of a company, nowadays, face an increasing risk of personal liability for any alleged breach of duty, neglect or omission in the performance of their duties in today’s uncertain business work environment.

Nowadays, it is essential for companies to implement tight internal controls, procedures and disclosure policies in order to minimize risk. As well as having that kind of protection, a Directors’ and Officers’ (D&O) Liability policy is a must have component for providing comprehensive coverage for the needs and concerns of your organization.

A D&O coverage plan is highly complex and specialized, and includes various coverage options that can vary widely from one policy to another such as the following:

  • Does it provide “direct” entity coverage?
  • Are employment practices violations covered?
  • Does the company have a pension plan for its employees?
  • Does the policy have severability of the application and exclusion?

A D&O liability policy for your company maybe the only thing that protects you from a potential lawsuit. The David Agency Specialists have in depth knowledge of the market and will work with you to find the best coverage that is tailor made for you.

Contact The David Agency today to discuss your directors and officers insurance needs. Call (630) 516-9000 or email us at info@thedavidagency.com 7 days a week.

 

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