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 […]
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