If you’re not in the industry, you may have many questions when purchasing insurance. Insurance companies have different structures and use different types of sales agents. Understanding your options can help you decide which is right for you.
Owners of private companies without shareholders often believe they do not need directors and officers liability coverage. The misconception takes hold, I believe, because small, privately held companies often have no formal board of directors or shareholders – which seemingly limits exposure to lawsuits and dismisses the need for D&O liability coverage. While logical, this could not be further from the truth.
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