Protect your senior leadership.
Directors and officers liability insurance provided by Strickler Insurance.
Insurance for your directors and officers it’s so important to the success of your business or nonprofit. Protecting the decision-makers of your organization will help to make sure your organization continues to flourish and grow well into the future. Learn about D&O insurance coverage and contact us for a free business insurance quote.
Protect Your Business With Directors And Officers Business Insurance
Protecting your nonprofit with directors and officer’s insurance is a vital step towards the future. In recent history, leaders and directors of organizations have been under much more scrutiny. Take for instance organizations’ response to COVID-19. When a pandemic, disaster, or even internal changes occur, it is the responsibility of the board to make a decision on how your organization will handle the situation. The decision you’re board comes to could lead to a lawsuit. That is why it is so important to get directors and officers coverage.
What Is Directors And Officers Insurance?
Directors and officers insurance is a form of liability insurance designed specifically for a board of an organization. The directors and officers of your organization can be held liable for the decisions they make. Due to that liability, directors and officer’s insurance is designed to protect the personal assets of your organization’s leadership.
What Does Directors And Officers Insurance Cover?
Typically directors and officers insurance covers the assets of the directors and officers. There can be situations where the leadership of your organization is sued by competitors, employees, or any group or persons that might have been affected by the leadership’s decisions within your organization. A directors and officers insurance policy can be designed specifically for your board.
Get Directors And Officers Insurance Coverage For Your Business
Adding directors and officers insurance to your policy will help protect your business. While a wide range of businesses purchases directors and officers insurance coverage, below is a few businesses that are extremely likely to get directors and officers insurance protection:
- Directors And Officers Insurance for Nonprofits: Get directors and officers for your nonprofit. Your board of directors care so much about the mission of your nonprofit. Make sure you take time to care for them and their future.
- Directors And Officers Insurance for Churches: Get directors and officers for your church. Your board of elders need to be protected from the decisions they make on a weekly or monthly basis. Get a free quote on liability insurance for your elder board.
- Directors And Officers Insurance for Private Companies: Get directors and officers for your private business. A lot of organizations are run by a board of directors. Typically a board of directors represents the financial investors in the company. To make sure your board is protected contact us today.
Does My Business Need Directors And Officers Insurance Coverage?
If your business or organization has a Board of Directors it is highly recommended that you have insurance coverage for them. While you are not required by the state to have liability insurance for your directors and officers, it is a wise decision to look into. Be sure to consider the choices and actions your board is responsible for on an ongoing basis. Is there a potential for a person to be upset by the choices of your board? Maybe it is time to look into directors’ and officers’ insurance.
You will not need directors and officer’s insurance until you do. What do we mean by this? Insurance is purchased preemptively. You technically can function as a business without insurance (except for insurance required by the government), but the moment an injury occurs, a lawsuit ensues or a fire starts. That is the moment you will wish you had directors and officers insurance. If you do not have directors and officers insurance for your business you will not be covered for
How Much Does Directors And Officers Insurance Cost?
It depends on how much coverage your organization needs. For lower risk or small businesses and nonprofits, you might only need $250 a year for insurance to protect your directors. For larger businesses with more liability or a greater likelihood of liability for your D&O, you will need to purchase a larger coverage premium.
Directors And Officers Small Business Insurance
Getting directors and officers insurance for your small business will help protect your business from unforeseen costs. Whether you need directors and officers business insurance for your LLC or your small nonprofit we can help provide you the correct insurance coverage for your small business. Many people just look for cheap business insurance, but we want to provide you affordable directors and officers small business insurance that also provides quality directors and officers insurance coverage.
Pennsylvania Directors And Officers Insurance
Strickler Insurance has been providing business insurance in Pennsylvania for over 160 years. In that time we have provided insurance coverage for a wide variety of businesses and nonprofits. From the local churches, we help with insurance coverage, to the local businesses that are run by boards and directors. We started providing insurance in Lebanon, Pa, and then expanded insurance coverage throughout Pennsylvania. To date, we are able to cover business in multiple neighboring states. Contact Strickler insurance for directors and officers insurance coverage in Pennsylvania and neighboring states.
Get A Directors And Officers Business Insurance Quote
Strickler Insurance is a directors and officers insurance agency that is dedicated to your organization’s growth. Contact us for a free insurance quote for your business. We provide insurance in Pennsylvania, New York, New Jersey, Maryland, Delaware, and Virginia.
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