Why D&O Insurance for Businesses is Essential for Every Company?
In today's fast-paced business environment, Directors and Officers (D&O) Liability Insurance is no longer just an option—it's a necessity for businesses of all sizes. Directors and officers make critical decisions daily, and those decisions can have far-reaching consequences. If things go wrong, they could face lawsuits or regulatory actions, leading to collateral damage for both the company and the individuals involved. Lets explores the importance of D&O insurance, the potential risks, and why securing coverage is vital for safeguarding your business and its leadership.
A common misconception is that only publicly listed companies need D&O insurance. However, under the Singapore Companies Act, the same standard of care applies to directors of private, public, and non-pro