Find the right directors & officers insurance for your organization.
Directors & officers insurance is a type of liability insurance coverage intended to protect those serving as directors and officers of a company from personal losses if they are sued as a result of serving in their role. This insurance can also cover the legal fees and other costs the organization may incur as a result of a lawsuit.
Here are some of the key features of directors & officers insurance policies:
- Personal liability coverage—This coverage protects directors and officers from personal losses due to lawsuits alleging wrongful acts, errors, or omissions committed in their capacity as company leaders.
- Legal fees—This covers legal defense costs, which can be substantial even if the lawsuit is unfounded or dismissed.
- Settlements and judgments—This can pay for settlements or judgments if the director or officer is found liable.
- Employment practices liability—This often includes coverage for claims related to employment practices, such as wrongful termination, discrimination, and harassment.
Directors & officers insurance is critical for attracting and retaining talented executives, as it provides them with a level of security against personal financial risk. If you want to explore your policy options for this type of insurance, turn to us at Legacy Insurance Partners.
Our offices in the Greensboro, North Carolina area can help find the best possible policy for your organization. For additional information or to start comparing directors & officers insurance policies, reach out to Thacker & Brooks Insurance, a Legacy partner, today.
With directors & officers insurance representatives serving the communities of Asheville, Davidson, Greensboro, Hickory, North Wilkesboro, Albemarle, and Raleigh, North Carolina, our team at Legacy Insurance Partners is available to partner as your trusted business insurance advisor utilizing a consultative approach.