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 National Penn Insurance, our independent agents will consult with you to determine your level of risk and recommend the coverage appropriate for your needs.