At Cecil W. Powell & Company we are intimately familiar with the unique exposures faced daily by corporate executives. The dramatic increase in lawsuits filed against those who manage businesses and serve on their corporate boards has been incredible over the past decade. Unlike a general liability claim which generally alleges bodily injury or property damage arising out of your negligence, these lawsuits allege personal liability on the part of the executives which could place their personal assets at risk without this critical coverage.
Regardless the size of your company, the legal expense to defend a director can be substantial, as are the potential penalties that can be personally incurred. Protecting those that help your business become and stay successful can be a challenge. An executive liability policy can be a part of your comprehensive risk financing strategy.
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Whether you’re a nonprofit, privately held or a public company, your business can benefit from a D&O Insurance policy. When purchasing executive liability coverage for your firm, even seemingly minor differences in policy terms and conditions can dramatically alter the scope of coverage. Best practices by your business along an effective executive risk management program (which will vary considerably based on the industry) will affect the coverage and pricing available to your firm. Contact us today for a consultation about the appropriate protection for your company with a Directors and Officers Insurance policy.