Facts About Liability of Directors of a Company and Company Directors Liability Request a Quote What is the liability of directors of a company face? Is company directors liability a major risk? How can a business best protect liability of company directors.When Is a business at risk for liability of directors of a company?If your company has a board of directors, then you need directors and officers liability insurance. D&O is an important part of a corporate insurance policy for major companies. D&O is a liability policy that protects the company directors liability in the case of a legal action. Company directors liability protects the board of directors financially so their personal assets are not at risk and to cover the costs of the legal defense.Who would file a lawsuit against the board of directors causing liability of company directors?These days we live in a lawsuit happy society. Many major corporations and their directors and officers have experienced an increasing number of claims and larger settlements. That means that private companies may face damages in a result in claims being brought against the company and the people who manage it.That puts company directors at risk from a legal action files by customers. Or unhappy stockholders may sue the board of directors for a loss in earnings. The board of directors can even be at risk of being sued by a disgruntled employee. That’s why having directors and officers liability insurance is so important and necessary protection as part of a commercial insurance policy.What is the biggest reason why liability of company directors needs protected?Over 50% of claims against a company are employment practices related. Claims for discrimination, wage disputes, sexual harassment, and wrongful termination are commonplace.Factors affecting the risk of liability of directors of a companyThe specific risk liability risk for company directors varies depending on many factors including:size of the companyindustrybeing publicly or privately ownednumber of shareholdersamount of assets a company holdsObviously the more someone stands to gain from suing the directors and officers, the bigger the risk and the need for D&O liability insurance. When you think about the cost of defending your company from claims plus the risk of a major settlement against your firm, you wonder how a company can afford not to carry a D&O policy.Get the important protection for liability of directors of a company today!For over 100 years, WM Schwartz has been helping corporations and companies like yours get liability protection for their company directors with a D&O policy designed to fit your business needs. We can help you assess the risk and help provide the risk protection you need. Call us today for a quote for D&O insurance to ensure that the liability of company directors is covered.Don’t worry about the liability of directors of your company. Call us today at 847-996-0002 for a free quote on a D&O policy today. Or get a free D&O liability insurance quote online now.We Can Help You Save Money with a D&O policy that Protects the Liability of Directors of a Company Request a Quote Name Email Address Phone Question Thank you! Oops!