Directors and Officers are personally libel for the decisions they make on behave of the business. Directors and Officers liability insurance provides financial protection for the directors and officers of your company in the event they are sued in conjunction with the performance of their duties and duties as they relate to the company. Think of directors and officers insurance as a management errors and omissions policy.
Private and publicly owned companies are susceptible to Directors and Officers suits. This is a highly specialized type of insurance. Strate Insurance Group understands this important coverage and represents insurance companies that specialize in this type of insurance.
Directors and Officers insurance is often confused with errors & omissions liability. The two are not synonymous; errors & omissions is concerned with performance failures and negligence with respect to your products and services, not the performance and duties of management. Generally, it is a good idea to carry both directors and officers liability insurance and errors and omissions liability insurance.
Strate Insurance Group offers free, comparative quotes on directors and officers liability insurance from multiple insurance carriers so you can get the best possible rate.
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