What is Directors & Officers Liability Insurance? Who Needs D&O?

Directors & Officers can be held personally liable for their decisions. The only protection between a claim and personal assets may be a D&O policy.

Average total cost of a D&O claim for a private company is $310,000 (settlement/judgment + defense).

39% of private companies with 25 or more employees have experienced a D&O suit in the past 5 years.

Private companies are sued by their employees, shareholders, investors, competitors, supplier, customers and lenders.

--

Learn More About CID:

CID Insurance Programs is an E&S Wholesaler specializing in commercial insurance products designed for independent and captive insurance brokers’ business client’s needs.

Our wholesale business insurance products encompass a broad range of preferred to manageable hard-to-place risks. CID Insurance has developed strong relationships with both admitted and non-admitted markets. Our commitment is to make the quote and bind process fast and easy for our retail insurance brokers.