Directors and Officers Liability Insurance
What is D&O insurance?
Directors and officers liability insurance covers a company’s directors and officers for claims made against them. Also known as D&O insurance, the policy protects against allegations of wrongful acts when acting as company executives. Wrongful acts may consist of misstatements, errors, breaches of duty and more.
D&O insurance is recommended for publicly traded companies with a corporate board or advisory committee. Many investors and board members may refuse involvement unless this protection is in place.
What are the benefits of D&O insurance?
Employees, stockholders and customers are able to make claims against a company and its directors. Whether grounded or frivolous, the resulting legal expenses and reputation damage can be extensive. Directors and officers can be held responsible for the acts of a company, which puts their personal assets at risk.
D&O insurance protects companies and their officers from criminal, civil and regulatory proceedings from allegations of wrongful acts.
Protect your company’s interests. Call C.T. Lowndes & Company to learn more about the benefits of D&O insurance. We will discuss your needs and search for a policy that best matches your business’s needs.
We provide D&O Insurance in Charleston, Mt. Pleasant,
Summerville, Daniel Island, James Island, John's Island, West Ashley,
Goose Creek, Moncks Corner, Walterboro, North Charleston, Isle of Palms,
Edisto, Myrtle Beach and the surrounding area in South Carolina.