As a company executive, you're tasked with making crucial decisions that shape the future of your business. But with great responsibility comes great risk. Directors & Officers (D&O) Insurance is your safeguard, designed to protect both your leadership team and the company from executive-related liabilities. Let’s explore five common risks that D&O Insurance covers—and why this coverage is essential for your peace of mind.
Understanding D&O Insurance Risks for Company Executives
As a business leader, the decisions you make can expose you to various forms of legal and financial risk. D&O Insurance risks for company executives often stem from claims made by shareholders, employees, or regulators, all of which can target you personally. Without the right protection, these risks can threaten not only your role but also your personal assets. D&O Insurance is specifically designed to mitigate these executive risks, offering crucial coverage to help you navigate the challenges that come with leadership responsibility.
1. Legal Actions from Shareholders
One of the most common risks executives face is legal action from shareholders. If your decisions lead to finan