Company directors and officers today face increased scrutiny by regulators, shareholders, and plaintiffs, with the volume of lawsuits and investigations continuing to rise. Public companies to protect against management liability exposures readily procure Directors & Officers (D&O) Liability insurance, which provides an invaluable safety net by covering the ever-increasing costs involved in dealing with such risks. Private companies, however, do not universally purchase D&O insurance, believing it’s not necessary because they are either a family run business or have had no previous experience with such claims. This is a mistake that could prove detrimental to the profits and reputation of an organization.
ISU-The Olson Duncan Agency offers a complete line-up of business insurance products, including coverage for directors and officers for public, private and non-profit organizations.
