Most businesses recognize it’s important to protect the organization as an entity and the directors and officers as individuals against claims of actual or alleged wrongdoing in managing the company, through an error, omission, neglect, or breach of duty.
What’s not so clear-cut is the specific D&O policy limits your organization needs to address your exposure.
While there is no black-and-white calculation for determining the best D&O policy limit for your private or nonprofit organization, a strategic approach will help you navigate the complexities of obtaining the right policy for your needs.
This guide reviews the key considerations to focus on when assessing your D&O insurance limits, along with strategies for structuring the policy to optimize the available limits. It also discusses the role of an independent insurance advisor in developing the optimal D&O solution.