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![]() As a business owner or executive, you understand the importance of protecting your business and its leadership team against potential legal and financial risks. One way to do this is by purchasing Directors and Officers (D&O) insurance. In this article, we'll discuss what D&O insurance is and provide examples of covered situations. What is D&O Insurance? D&O insurance is a type of liability insurance that provides coverage to directors and officers of a company against legal expenses and damages resulting from lawsuits related to their actions or decisions made while serving in their roles. This type of insurance can help protect the personal assets of directors and officers and can provide coverage for legal expenses, settlements, and judgments. Examples of Covered Situations:
In conclusion, D&O insurance is an important coverage to consider for any business with a board of directors or executive team. It can help protect the personal assets of directors and officers and can provide coverage for legal expenses, settlements, and judgments resulting from lawsuits related to their actions or decisions made while serving in their roles. It's important to work with a knowledgeable insurance professional to ensure that your business is properly protected. At GSP Insurance Group, we can help you find the right D&O insurance coverage for your business. Tyler Grizzle - Partner GSP Insurance Group
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