Directors & Officers (D&O)
Directors & Officers (D&O) insurance provides protection for directors and officers in the event they are sued for alleged wrongful acts in organizational management. Examples include claims related to breaches of fiduciary duty or failure to comply with regulations. Both public and private healthcare organizations can benefit from D&O insurance coverage. Not only does it help shield personal assets for key decision makers in the organization, but it also reassures stakeholders that the company is well positioned to withstand governance risk.
With the rapid consolidation of healthcare, Directors & Officers liability insurance is becoming increasingly more common. This insurance is often bundled with other management insurance coverages such as Employment Practices Liability Insurance (EPLI) but can also be purchased as a stand-alone policy.
Whether you own or manage a healthcare organization, Directors & Officers insurance is a go-to coverage. We’re here to protect you, your assets, and your business. You can’t run your organization alone, so don’t tackle insurance by yourself. Cross this off your to-do list by calling L&J instead.