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In today’s complex business environment, the decisions made by your company’s leadership can have far-reaching consequences. Protecting your directors and officers from personal liability is essential to maintaining a strong and confident leadership team. Directors and Officers (D&O) insurance from Titan Risk provides critical coverage that shields your company’s executives from the legal and financial risks associated with their decisions and actions. Whether facing claims of mismanagement, breach of fiduciary duty, or regulatory violations, our D&O insurance ensures that your leadership is protected from costly lawsuits and potential damages.
At Titan Risk, we understand that every organization has unique challenges. Our D&O insurance solutions are tailored to meet the specific needs of your company, offering comprehensive protection that allows your directors and officers to lead with confidence. With Titan Risk, you can safeguard your leadership team and ensure the long-term success of your organization.
Titan Risk is committed to offering comprehensive Directors & Officers (D&O) insurance solutions that protect the personal assets of your company’s leadership and the financial stability of your organization. With a focus on tailored coverage and superior service, our D&O insurance helps mitigate the risks faced by directors and officers in their decision-making roles. Here are the key features of our D&O insurance:
Directors and Officers (D&O) insurance provides financial protection for the directors and officers of a company or non-profit organization against claims arising from decisions they make while managing the organization. It covers legal defense costs, settlements, and judgments if they are sued for alleged wrongful acts, such as breach of fiduciary duty, mismanagement, or failure to comply with regulations.
To move your D&O insurance to Titan Risk while keeping your current carrier, contact us to get started. You will need to sign an Agent of Record (AOR) letter, which authorizes Titan Risk to become your new representative. We’ll submit the AOR letter to your insurance carrier, who will then update their records to reflect Titan Risk as your agent.
Yes, D&O insurance is essential for both businesses and non-profits, as it protects the personal assets of directors and officers from lawsuits related to their roles in the organization. Without this coverage, they could be personally liable for legal costs and damages, making it a crucial component of risk management for any organization.
Insurance companies determine D&O insurance premiums based on factors such as the size and financial stability of your organization, the industry in which you operate, your claims history, the scope of coverage, and the specific risks associated with your directors and officers. Higher-risk industries or organizations with a history of claims may face higher premiums.
Examples of claims against directors and officers include allegations of mismanagement, breach of fiduciary duty, failure to comply with regulatory requirements, discrimination or harassment claims, and misleading statements to shareholders or stakeholders. These claims can arise from employees, shareholders, customers, or regulatory bodies.
In D&O insurance, a claims-made policy covers claims that are made during the policy period, regardless of when the incident occurred, as long as it’s within the policy’s coverage period. An occurrence policy covers claims for incidents that happen during the policy period, even if the claim is filed after the policy has expired.
A retroactive date in a claims-made D&O policy specifies the earliest date an incident can occur and still be covered under the policy. Claims arising from incidents before the retroactive date are not covered. It’s important to maintain continuous coverage and set an appropriate retroactive date to avoid gaps in protection.
The limits for D&O insurance should be based on factors such as the size of your organization, the complexity of your operations, the level of risk associated with your industry, and the potential exposure to lawsuits. Small to medium-sized organizations might consider limits starting at $1 million to $5 million, while larger organizations or those in high-risk industries may require higher limits to ensure adequate protection.
