Directors & Officers

 

 

Directors and officers can be held personally liable for claims; organizations increasingly consider personal liability coverage as one of the most important aspects of their D&O.

 

 

TOP 5 REASONS YOU NEED COVERAGE Directors and Officers Liability Coverage

 

• Directors and officers can be held personally liable for claims; organizations increasingly consider personal liability coverage as one of the most important aspects of their D&O program.
• D&O liability claims related to regulatory actions are increasing for all types of organizations, representing 23 percent of claims in 2012.
• Directors and officers increasingly desire additional assurances beyond corporate indemnification — 43 percent desire added protection in the event their company becomes bankrupt and/or insolvent.
• Directors and officers and their respective organizations are susceptible to a wide range of claimants1 including shareholders, competitors, customers, employees and government entities.
• D&O claims are increasingly common for private companies, public companies and nonprofits: 36 percent of all organizations reported claims in the last 10 years.