Writing Down Notes

Directors and Officers Insurance

Most public companies understand the need for directors and officers (D&O) insurance. However, managers of some private companies, particularly those at very closely held companies, often falsely believe they are unlikely to ever face a lawsuit.

The truth of the matter is that private companies are sued quite often, sometimes for those events that are outside the scope of coverage of the general liability, employment-related practices liability, or any fiduciary liability policies on hand.

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