Pennsylvania Directors and Officers In Kingston And All Of Northeastern PA
Directors & Officers liability insurance is another type of professional liability insurance that is specifically designed for the protection of the directors and officers of your business. In other words, it is a managerial errors and omissions policy. Although it is similar to errors and omissions insurance, D & O is not directly concerned with the products and services. D & O on the other hand, is concerned with the performances and duties of management.
D & O insurance often includes employment practices liability and fiduciary liability. Employment practices liability protects employers in cases and claims made by an employee or former employee. This type of coverage generally deals with discrimination and harassment suits. Fiduciary liability includes claims against a business when a monetary discrepancy or mishandling occurs. In these cases, the directors and officers of a company are often held accountable.
If you have an assembled board of directors, D & O insurance is necessary for your business. Contact Greenwald Berk Agency for a free business evaluation and receive a quote.
