Professional liability insurance for directors and officers is usually needed when you are going to set up a board of directors. Also, investors, particularly Venture Capitalists, will frequently want you to prove, show some documentation, of Directors & Officers Liability insurance before they will invest any money into your company. In addition, liability insurance covers you from lawsuits from your employees.
Professional liability insurance for directors and officers supplies protection for your finances in case you are sued in concurrence with the performance of your duties as they pertain to your company. Liability insurance can also encompass harassment and discrimination lawsuits.
Do not confuse professional liability insurance for directors and officers for errors & omissions liability. Errors & Omissions has more to deal with performance fiascos and carelessness when it comes to your products and services and not the work and responsibility of management. It is an excellent idea to cover yourself completely by having both professional liability insurance for directors and officers and Errors and Omissions Liability Insurance.
Call us now to help you make the right choices when it comes to Professional liability insurance for directors and officers. Call 1-800-820-9707 now to speak with a Professional liability insurance Expert for directors and officers.