Directors and officers liability insurance provides financial protection for the directors and officers of your company in the event they are sued in conjunction with the performance of their duties as they relate to the company. Patrick Insurance Agency thinks of directors and officers insurance as a management errors and omissions policy.
Directors & officers liability insurance is necessary because:
- Claims from stockholders, employees, and clients will be made against the company and against the directors of the company. Since a director can be held personally responsible for acts of the company, most directors and officers will demand to be protected rather than put their personal assets at stake.
- Investors and members of your board of directors will not be willing to risk their personal assets to serve as a corporate director or officer, no matter how heartfelt their belief in your company.
Patrick Insurance Agency offers competitive pricing, great customer service and a peace of mind for all of those in the Ironton, Ohio; Ashland, Kentucky; and Huntington, West Virginia areas. Contact a representative professional at Patrick Insurance Agency today for a free quote.