Does your company need comprehensive directors & officers insurance to protect your finances?
If you run a business, there are many types of insurance you will need to protect your operation and its finances. In addition to protecting the business itself, however, it’s worth considering directors & officers insurance. To put it simply, this type of insurance is designed to protect the personal finances of corporate officials (and their spouses) in the event that they are personally sued by their employees, vendors, investors, or any other parties for alleged wrongdoing in the management of the company. Legacy Insurance Partners has dedicated specialists who advise and work with business owners to help them decide what offers this essential form of financial protection, and we are happy to answer any questions you may have about it.
There are a number of different explanations that should inform your decision to have this important policy as an officer of your company. Directors & officers insurance policies cover things like fraud, misuse of company funds, or intellectual property theft. It forms the backbone of your business’ standard indemnification provision, which holds officers and directors blameless for their role in any losses that may occur as a result of their role in the company.
One of our dedicated business insurance agents at any one of our Hickory, North Wilkesboro, or Davidson, North Carolina locations will be more than happy to explain your options for directors & officers insurance policies. Call or contact us for expert advice on this coverage and any other business insurance coverage questions.
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.