Optional Insurance -

Today, let's explore insurance coverage beyond usual suspects like general liability and workman's comp. Understanding these can be a real game changer for managing risks in business.

D&O insurance is a type of liability insurance that covers the legal costs and damages associated with claims made against a company's directors and officers. D&O insurance protects the personal assets of corporate directors and officers, as well as their spouses, in the event they are personally sued by employees, vendors, competitors, investors, customers, or other parties for actual or alleged wrongful acts in managing a company. This insurance covers legal fees, settlements, and other costs associated with defence against claims arising from decisions and actions taken within the scope of their regular duties. It's important because these costs can be substantial and could otherwise come out of the personal pockets of your board members and executives.