telephone icon(410) 312-7800
mcfarlin logo website preheader
  • Main Menu
    • Home Page
    • Agent History
    • Claim Information
    • Important Links
    • Insurance Glossary
  • Commercial Insurance
    • Business & Commercial Insurance
    • Business Owners (BOP) Insurance
    • Contractors Insurance
    • Cyber Liability/Data Breach Insurance
    • Employment Practice Liability
    • General Liability Quote Form
    • Non Profit Insurance
    • Technology Insurance
    • Workers Compensation
  • Personal Insurance
    • Auto Insurance
    • Homeowners Insurance
    • Renters Insurance
    • Personal Umbrella Insurance
  • Bonding
    • Bonds
    • Bond Request Form
  • Life & Health
    • Life
    • Health
    • Disability
    • Long-Term Care
  • About Us
    • Agent History
    • Agency Leadership
    • Location
    • Associations
    • Contact Us
    • Privacy Policy
  • Blog
Business Personal Bonds Benefits
Home > Blog > Get D&O Insurance to Improve Your Reliability
THURSDAY, JULY 19, 2018

Get D&O Insurance to Improve Your Reliability

Businesses need to protect all of those under its roof with commercial insurance. In particular, it needs to safeguard those in the highest reaches of the organization. After all, they image of board of directorsoften have the greatest pull over the direction of the company. As a result, their mistakes could badly affect the both the company and its clients. To protect executives, boards and other high officials, safety-minded organizations should invest in directors & officers (D&O) insurance. Let’s explore why this coverage can benefit any company.

D&O coverage is very protective of companies and executives in practice. However, it also can raise an organization’s profile in the eyes of potential talent. Therefore, businesses that invest in this coverage can often use it as a way to build future stability.

The Protection of D&O Coverage

High-ranking officials, like presidents, CEOs or boards of directors, often have a lot of leeway over a company’s future. Therefore, their decisions will impact the company’s progress. Just the same, if these parties make mistakes, they could put themselves and the business in a precarious situation.

Executives often are the main parties that face lawsuits following allegations of misconduct. Let’s say that a group of shareholders sues the company, and the executive personally, for misrepresenting company stock forecasts. Settlements and legal proceedings might ruin both the executive and the company. However, with D&O insurance, the business and official can both receive compensation to settle these costs. It’s valuable protection for situations where an executive’s credibility comes under fire.

Executives Appreciate this Coverage

D&O insurance provides invaluable protection. Businesses benefit from the protection, but individual insured officials often find it even more reassuring.

In essence, D&O coverage can protects the personal security of executives. As a result, businesses that offer this protection often extend a helping hand to their decision makers. Many prospective executives ask companies to invest in these policies before they join the organization. It’s a good policy to have, indeed. Companies that decide to invest in this coverage might find they have the best results in retaining existing managers, while also attracting new talent.

So, consider this coverage a valuable piece of protection for your business’s overall stability. Take a look at the assets of the company, as well as the personal financial investment of directors. You should choose a policy that adequately reflects that value. Some policies can start with $1 million in coverage and upward. Let your commercial insurance agent at 410-312-7800 help you determine the most appropriate protection. They can help you tailor your coverage to the most appropriate levels.

Also Read: D&O Insurance for Maryland Retail Executives

Posted 8:54 AM

Tags: business insurance, commercial insurance, d and o insurance
Share |


No Comments


Post a Comment
Required
Required (Not Displayed)
Required


All comments are moderated and stripped of HTML.

NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010

  • insurance(76)
  • maryland(40)
  • coverage(38)
  • business(23)
  • tips(23)
  • business insurance(22)
  • commercial(21)
  • home insurance(16)
  • savings(15)
  • policy(11)
  • columbia(11)
  • contractors(11)
  • commercial insurance(9)
  • auto insurance(9)
  • general liability(8)
  • health insurance(8)
  • liability(7)
  • baltimore(7)
  • surety bonds(6)
  • maryland business insurance(6)
  • bonds(6)
  • auto(6)
  • life insurance(6)
  • homeowners(6)
  • flood insurance(4)
  • life(4)
  • group health insurance(4)
  • safety(4)
  • d and o insurance(4)
  • renters insurance(4)
  • umbrella insurance(3)
  • md(3)
  • car(3)
  • compensation(3)
  • health(3)
  • general(3)
  • jewelry insurance(3)
  • workers(3)
  • dandoinsurance(2)
  • belongings(2)
  • umbrella(2)
  • whole(2)
  • risk(2)
  • epli(2)
  • professional liability(2)
  • columbia auto insurance(2)
  • maryland insurance(2)
  • retirement(2)
  • payment bond(2)
  • small business(2)

View Mobile Version
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
  • Carrier
Connect With Us: Social Social Social Social
Icon

Visit Us

Agency
McFarlin Insurance Agency, LLP
8325 Guilford Rd, Suite A
Columbia, MD 21046


Phone: (410) 312-7800
Fax: (410) 312-7808
Icon

Site Links

About Us
Business Insurance
Personal Insurance
Bonds
Benefits
Blog
Customer Service
Contact Us
Powered by Insurance Website Builder