Directors & Officers Liability Insurance

Directors & Officers Liability Insurance Basics

Imagine these scenarios affecting organizations of varying types and sizes:

Members of a trade association sue the group’s board of directors, accusing them of mismanaging association funds by spending thousands of dollars on a project that went nowhere.
Stockholders in a small restaurant chain sue the company’s risk management officer after a location suffers a total uninsured loss of the building, contents and food.
A taxpayer group sues a public library’s board of trustees for building up a reserve fund that the group

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How Much Liability Coverage Does Your Business Need?

How Much Liability Coverage Does Your Small Business Need?

There aren’t many activities in life riskier than starting your own business. Two of the biggest risks any business faces are the loss of essential property and personal injury claims. In minor cases, these risks can cause loss of income, but in the worst-case scenario, they can bring your business operations to a screeching halt and force you to close the doors.

Obviously, your success is dependent upon keeping risks and losses to a minimum. Liability insurance helps you lower vulnerability

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