How much are premiums for directors and officers insurance?
Coverage should be commensurate with the growth of the particular business. And if a company is doing poorly, it may need less insurance. There are two different types of insuring provisions. One protects corporate assets, the other protects the assets of the individual. Some companies only maintain the insurance that protects the assets of the company, because it has lesser premiums. Other cost factors are how much insurance you are purchasing and how much the insurance company is willing to write for your particular company. What else can guard against D&O lawsuits? Astute corporate leaders should certainly consult with their professionals including their insurance brokers at least once a year. Encourage your outside professionals to interact with each other. When you have done that, you need to properly document that interaction. You need to show that you have exercised prudent judgment in your corporate decisions and that you have sought the advice of objective outside professional
