Directors & Officers Liability Insurance provided by Browne Insurance Services

In today’s complex operating environment, D&O claims brought by stakeholders such as shareholders, customers, vendors, competitors, suppliers, regulators, and creditors, present increased risk for companies across all industries. D&O insurance protects the personal assets of those individual directors and officers when the company they serve is unwilling or unable to pay for their defense costs and any settlements or judgments for which they are responsible.
What is Directors & Officers (D&O) Liability insurance ?

Directors & Officers (D&O) Liability insurance is designed to protect the people who serve as directors or officers of a company from personal losses if they are sued by the organization’s employees, vendors, customers or other parties. D&O insurance can cover defense costs, settlements and other costs associated with wrongful act allegations and lawsuits. Directors & Officers insurance is an important aspect of a corporate risk management strategy and can help your company attract and retain qualified executives and board members.

Directors and officers are sued for a variety of reasons related to their company roles, including:

  • Breach of fiduciary duty resulting in financial losses or bankruptcy
  • Misrepresentation of company assets
  • Misuse of company funds
  • Fraud
  • Failure to comply with workplace laws
  • Theft of intellectual property and poaching of competitor’s customers
  • Lack of corporate governance
What are the coverages with Directors & Officers (D&O) Liability insurance?
Why is D&O Insurance policy important?
  • The need to obtain proper D&O insurance cannot be overstated. A common misconception is that alleged misconduct by directors or companies is covered under other liability policies, such as commercial general liability, errors and omissions, or other professional liability policy. In many cases, this simply is not true.
  • In some instances, misconduct may not fall within the scope of an organization’s indemnification clause.
  • Even if an organization has the ability to indemnify their directors and officers for the wrongdoing in question, it may not have the funds to finance the ongoing costs and expenses related to a lawsuit.
  • These costs can add up quickly and easily reach six figures.
  • Without the financial backing of a D&O insurance policy, an indemnification clause might not adequately protect the directors and officers of the organization.

To keep pace with an increasingly complex risk landscape, and find the best fit D&O insurance coverage contact us today!

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As an independent agency, Browne Insurance Services
Helps you find the right Directors & Officers Insurance Coverage
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Palm Springs, CA
190 W Amado Rd Palm Springs, CA 92262
We extend coverage to individuals and businesses in Campbell, Palm Desert, Palm Springs, Pollock Pines, and Santa Clara areas.
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