Directors & Officers Liability Insurance
Protect your company against liabilities related to decisions made by management
In todays increasingly unpredictable economic atmosphere, it’s vitally important that corporate entities keep their assets stable to prevent their businesses from going under. These decisions are the work of upper management. Directors and Officers Liability Insurance can protect your business against liabilities associated with lawsuits relating to decisions they make.
Lawsuits against corporate management have increased over time, leaving companies at risk of losing everything they have to contribute to society. To prevent this from happening, Carroll Insurance recommends that Texas companies protect their upper management and therefore their entire businesses with officers and directors liability insurance.
What is a Directors & Officers Liability Insurance Policy?
Directors and Officers Liability Insurance is essentially executive insurance that can offer protection to a company against lawsuits related to decisions made by management of a company. A Texas Directors and Officers Insurance policy goes beyond what is offered with General Corporate Liability Insurance policy in that it responds to accusations of mismanagement of a company or it’s finances. Directors and Officers Liability Insurance can be used to protect management during lawsuits filed against a company. For example, Directors and Officers Liability Insurance could provide protection to management in the event of a lawsuit that claims finances have been mishandled. It can also offer protection in lawsuits related to discrimination or termination of a disgruntled employee.
As corporate lawsuits continue to increase in cost, a directors and officers liability insurance policy can quite literally be the protection that keeps your Texas business afloat.
Getting Started with Director and Officers Liability Coverage
Don’t let one disgruntled employee or one regretful act of mismanagement cost you your Texas business. Let Carroll Insurance be your trusted advisor and work with your company to assure you have the appropriate coverage for your risk. To get started, please call 281-656-3000 or request a call back from the button below. One of our agents will connect with you as soon as possible.