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19 February 2014 0 Comments Category: Article Archives

Is Insuring Company Directors and Officers a Good Idea?

Directors and Officers Liability Insurance (commonly known as D&O insurance) can save a company from financial ruin in the event of a lawsuit and/or other forms of legal action. D&O insurance covers various costs involved when a case is brought against the directors and officers of a company; these expenses include, but are not limited to, lawyer fees and monetary settlements.

Companies that take out this form of insurance realize that its directors and officers are not perfect. It is all too common for a well meaning individual in a high position to make a statement that is misunderstood or misconstrued and/or make a mistake that has negative repercussions for a client. D&O business insurance enables a company to put the incident behind and move on.

California companies that need this type of insurance will find that Massive Insurance is a top notch provider. The company offers this and other commercial insurance policies at very competitive prices and provides great customers service to boot. One can visit the company website, make an appointment or call for more information.