If you have a board of directors, chances are you’ll be required—by investors and board members themselves—to carry Directors and Officers (D&O) insurance. This important coverage gives your company financial protection in the event a board member is sued as a result of activity involving their role with your company.
No matter who is making a claim—employees, customers, shareholders—they may try to hold a director personally responsible. Board members will not want to risk their personal assets for your company, and D&O insurance provides the coverage you need.
At Higgins Insurance, our independent agents will consult with you to determine your level of risk and recommend the coverage appropriate for your needs.