Protect your organization’s directors, officers and other members of senior leadership from risk with Director’s & Officers (D&O) Liability Insurance in Massachusetts. Call (844) 501-1359 to get started.
What Does Directors & Officers (D&O) Insurance in Massachusetts Cover?
The details of your directors and officers (D&O) liability insurance coverage can differ in subtle but important ways, depending on which carrier you choose and other details. The experienced professionals in McSweeney & Ricci’s commercial division will help you determine which options are best suited to the unique needs of your business.
Below are the 3 components found in a typical D&O policy:
- Side A: Protects individual directors and officers by providing financial resources to cover defense and settlements costs from suits brought against them. Side A is only applicable when the corporation isn’t legally allowed to pay or is otherwise unable to pay.
- Side B: Pertains to indemnification coverage. Side B reimburses your business for defense costs and damages that it pays to or on behalf of your directors or officers.
- Side C: Provides corporate liability coverage. Side C can pay claims directly brought against your company itself. Side C helps protect the financial stability of your business when it is named along with individual directors in a lawsuit.
Whether you are on the Board of Directors of a condominium association or golf course, you run a national corporation or a small family run painting company, every business faces unique risks. Companies of every scale and type can benefit from directors and officers (D&O) liability insurance in Massachusetts.
D&O Insurance can help you secure quality executives and board members, as it allows them to perform their duties without risking their personal finances. Your account manager will consult directly with you to identify your goals as well as your specific risk profile. Using this information, we can assemble the ideal coverage solution to protect your organization and its members from the costs surrounding business-related lawsuits.
To connect with a member of our experienced commercial insurance team about Directors and Officers (D&O) Liability Insurance in Massachusetts, request a complimentary quote on our website or give us a call at (844) 501-1359.