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When it's Important to Stay in the Know.
Weighing the Need for Directors and Officers Coverage
Safeguarding your company’s future means protecting both the business itself and the leaders who help it grow. And the right coverage can provide peace of mind at a time when mounting risks threaten long-term success. Directors and officers (D&O) insurance offers a critical layer of protection, shielding decisionmakers from personal loss while strengthening an organization’s risk position.
Here, BCH’s risk management professionals explore factors to consider when evaluating the need for D&O coverage. It’s all about helping you protect what matters, when it matters.
Is D&O Coverage Right for Your Company?
Although such insurance can provide protection against costly lawsuits, the policies themselves can be an investment. Here are some factors to consider
Attracting Top Talent: Companies looking to hire new leadership should consider such coverage, as top executives often expect it. A lack of D&O insurance could cause you to miss out on quality hires.
Accountability & Investor Pressure: Companies with active investors or a focus on accountability should consider D&O protection to guard against legal risks.
Financial Vulnerability: Businesses with debt or shaky finances could face insolvency if hit with a D&O lawsuit. Protection matters.
Past Litigation: A history of lawsuits may increase insurance costs. Consult your risk advisor to better understand your unique risk profile and likelihood of potential legal action.
Understanding the Trends Impacting Modern-Day D&O Insurance
Shifting trends and market forces can impact every aspect of a business — including its insurance coverage. As D&O risks grow more complex due to rising litigation and legal costs, experts anticipate premium increases and continued changes ahead. Here, we take a closer look at the trends expected to shape D&O insurance.
Weather Aware with BCH
Flood Prep Helps Protect Your Business
Flood events can happen without warning, and just one severe storm has the potential for extensive — and expensive — impacts. Taking the time to assess your potential flood risks and prepare your property can help minimize damage and downtime. Our Flood Prep Quick Sheet outlines key steps you can take before water rises. Share it with your team today!
BCH’s Risk Management Center Offers Go-to Guidance
With libraries filled with risk management resources that look out for your people and operations, training tracks designed to streamline and simplify employee education and online availability whenever you need it, our Risk Management Center (RMC) is support you can trust.
