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Companies that wish to protect their assets and assembles a board of directors should consider directors and officers liability insurance. Disappointed investors are quick to sue corporations and their board members with security fraud charges because of drastically reduced stock values. D&O insurance policies work with businesses to meet the specific needs of handling these types of legal concerns.
In an increasingly litigious society, most directors and officers require company protection from claims brought against them by stockholders, employees and clients. No matter how dedicated these members are to your company, risking their personal assets to settle a company lawsuit is seldom an option. Offering protection against potential lawsuits increases your company's chances of recruiting top-tier talent to act on your board of directors.
Directors' and officers' insurance protection requirements vary. As a business owner, you want to be sure that your policy match the needs of your organization. An insurance company that specializes in directors and officers liability insurance is trained to analyze your board members' responsibilities and determine the high-risk areas of their duties. Find an insurance agent who can assist you with selecting the best policy for your business by clicking any of the links to the left.
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