With today’s emphasis on corporate transparency, an organization’s directors and officers face a countless number of exposures. Regardless of your company’s size or mission, the legal costs associated with a lawsuit can be crippling for both the organization and your directors and officers.
Many wrongly assume that directors and officers (D&O) insurance is only necessary for publicly traded companies. However, privately help organizations can just as easily fall victim to lawsuits that can impact the company, its officers and board, making D&O insurance a must. Specifically, D&O insurance can provide the following benefits to privately held companies:
Many private organizations don’t believe they need D&O insurance. This can be dangerous thinking, as just one D&O claim can drain the personal assets of a company’s leadership team. To learn more about D&O insurance, contact First Iowa Insurance Agency at 319-393-5262.
© 2018 Zywave, Inc. All rights reserved.