Directors Officers Liability
Attract the best talent to serve on the board of directors of your company organization. A Massachusetts directors & officers liability insurance policy with O’Connor & Co. Insurance Agency will help assure your board members that you value their service and have taken steps to minimize their personal liability.
Directors & officers (D&O) liability insurance will help protect your Massachusetts company’s management in the event of a lawsuit involving a management decision. A company’s general liability policy typically only covers cases of bodily injury or property damage. D&O liability insurance can help protect the board against claims brought by stockholders, employees, or customers involving other matters.
Many D&O suits involve harassment or discrimination claims, which are covered by employment practices liability insurance; it is prudent to purchase this coverage separately or under your D&O liability policy. Fiduciary liability coverage, which covers the handling of employee benefit plans, is also a common feature on a D&O policy.
Before serving, board members and stockholders will often insist that your business carry appropriate D&O liability insurance to protect their personal assets. Likewise, investors view D&O coverage as a sign of financial stability.
Keep your business competitive by speaking with an O’Connor & Co. Insurance agent in our Dudley, MA offices. We can analyze your company’s risks to create the most affordable and comprehensive Massachusetts directors & officers liability insurance policy for your organization’s needs.