Top 3 Things to Look for in Your D&O Insurance

There are many director and officer insurance plans to choose from, however not every policy is a quality plan. By recognizing certain traits in a policy and its provider you can properly determine the right plan for you. Below are the top three things to look for in your D&O insurance.

  1. Benefits You Need – There are some benefits that are critical for your company, and it is important that you make sure that they are offered in the plans you consider. Along with benefits you need, you should also make sure that you keep costs down by eliminating additional benefits. Some quality insurers will work with you to tailor a plan to your needs.
  2. Fine PrintWith any contract you sign you should read the fine print. You must gain full understanding of how much of each benefit is offered, as well as any prerequisites or restrictions that may apply in certain instances.
  3. Client Focus – You are not just purchasing a product from your insurer, but rather building a business relationship. As such, you want to make sure that the insurer will be committed to keeping your company protected. A few notations of a quality client focused insurer include:
  • Positive client reviews
  • Referrals
  • Strong, detailed customer relations policy

Though there are others, these top three things can help you to narrow down your options in finding the best director and officer insurance for your company.

This post was written by , posted on June 25, 2015 Thursday at 9:15 am

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