What Does Directors & Officers (D&O) Insurance in Boston Cover?
The details of your insurance plan, like which carrier you choose, can have a significant impact on your coverage. Our risk management professionals will work with you to identify your risk exposures and secure the ideal insurance solutions to address them.
Below are the 3 components found in a typical D&O policy:
- Side A: Protects individual directors and officers by providing financial resources for defense and settlements costs from suits brought against them. Side A only applies when the corporation is not legally allowed to pay or is otherwise unable to pay.
- Side B: Pertains to indemnification coverage. Side B can provide reimbursement for your business defense costs and damages on behalf of your directors or officers.
- Side C: Provides corporate liability coverage. Side C can help pay claims brought against your business itself. Side C helps protect the financial stability of your company when it is named along with individual directors in a lawsuit.
No matter what your specific need for directors and officers (D&O) liability insurance in Boston may be – you can count on us to help keep you covered. Companies of every size and across diverse industries trust us to provide customized D&O insurance solutions. We work with you to identify, minimize and mitigate risks to your business. If you do experience a claim, our in-house claims department is there to provide support throughout the entire process and works to return you to normal business operations as quickly as possible.
To get started with directors and officers (D&O) liability insurance in Boston with an experienced member of our commercial insurance team, request a complimentary quote on our website or give us a call at (844) 501-1359