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Directors and Officers Liability Insurance

from PLC Insurance

Directors and Officers Liability Insurance provides coverage for claims stemming from alleged wrongful acts arising out of an error in judgment, an omission or breach of duty of Directors and Officers in the management and oversight of their company. D&O Insurance protects both the corporation and its directors and officers. In doing so, it protects the D&O’s personal assets as well as the corporate balance sheet. Coverage can also be extended to employees as well.

Corporations face hundreds of potential claim allegations for financial relief arising from the decisions of its own D&O’s. Without D&O, most if not all of these allegations are uninsured because property, auto and general liability policies do not cover claims stemming solely from financial loss alleged by others.

Many D&O related claims involve employment related disputes. D&O policies can be amended to include employment practices liability, which is one of the biggest exposures many corporations may face. Other allegations may be as diverse as misrepresentation of financial statements, breach of contract, breach of fiduciary duty or charges of unfair competition. These may be filed by customers, lenders, vendors, acquisition targets, creditor, competitors, regulators and outside shareholders.

Typically, the cost to hire experienced D&O legal counsel starts at $300 an hour and defense costs for most claims exceed six figures. After considering the high costs of defending a D&O lawsuit, the threat of D&O claims from multiple fronts, the affordable cost of the coverage for most companies and the importance of protecting the corporate balance sheet and its director’s personal net worth, the policy should be part of every company’s insurance program.

We have a solution for ALL applicants regardless of business class. "D&O" can be purchased as a stand-alone policy or as part of a package of management liability coverages including fiduciary liability, employment practices liability, kidnap and ransom and crime.

Call us today to discuss how we may best protect your corporate balance sheet and your Directors and Officers net worth with a D&O policy tailored to your company’s operations.

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We can find discounts on directors and officers liability insurance you may not find on your own. Give us a call, or get a directors and officers liability insurance quote online today.

Lynnwood Directors and Officers Liability insurance

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PLC Insurance, LLC - Serving the Greater Seattle Area and all of the Pacific Northwest

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888-455-7554

425-712-3664

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Lynnwood office

4211 Alderwood Mall Blvd. #210
Lynnwood, Washington 98036

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PLC Insurance services all of the US, with a focus on the Puget Sound, Lynnwood, and Seattle, Washington