How Do You Limit A Corporations Liability With Directors And Officers Insurance?
Directors and officers (D&O) liability insurance can protect the top tier of a company’s management if they are sued for their overall performance or particular business decisions. This type of insurance covers harassment or discrimination lawsuits, and is usually required by a company’s board of directors. Follow these steps to obtain it. Consider your insurance needs. Over 50 percent of D&O lawsuits involve employment practices that are considered unfair or discriminatory. This insurance can also cover the mismanagement of company assets. Prepare a list of possible agents. Start with the provider directory offered by the National Association of Professional Insurance Agents (see Resources below). Narrow your choice of agents by asking for references. Ask the references whether the agent has made helpful recommendations, saved the company money and been readily available when needed for questions or explanations. Choose an agent based on the feedback and your personal interactions wit
