If you are a director or officer at an organization or company, it is important to have D&O insurance. Learn how this coverage can benefit you, and why you need it to prevent costly problems from arising.
Protection for Normal Work-Related Duties
Directors and officers can be sued even when they are making decisions that are in line with their job responsibilities, according to www.haughn.com. This can be overwhelming and frustrating when someone is just doing their job. By having insurance that protects you in your position, you can feel confident when working, knowing that you are covered for this type of work.
Helping You Save Money
If you are sued and do not have insurance coverage, you might have to pay out of pocket. This could include your own personal savings and property. By having D&O insurance, you can avoid having this type of issue, knowing you can have the necessary protection to help you while you work.
As a director or officer, having D&O coverage is important. It allows you to work and safely make decisions that are part of your job duties. In the event that you are sued by someone, having insurance can help protect your personal assets from being taken away. No matter what you do, having coverage can help you in the long run.