Delaware Business Insurance Update by CNC Insurance Associates Inc.
Directors & Officers Coverage
Directors and Officer policies are not only for directors and officers of businesses, they're also in place to protect volunteers as well. For example, board members of a little league organization could be liable for thier financial and organizational decision making. If a claim is filed on the grounds of negligence or mismanagement of funding, protection is provide by the D&O policy. Furthermore, D&O policies are specific in language and are not written to cover claims pertaining to injuries or property damage. In most cases, those claims would fall under a general liability policy. Check with an insurance professional today to assess your risks and see if a Directors and Officers policy is something you need. Until next time, be careful out there and know your risks.
G' Kevin Nemith
President, CNC Insurance
Proudly serving Delaware, Maryland, Virginia, Pennsylvania, and New Jersey.
www.cmcinsurance.com
www.bizinsurancetv.com
Directors and Officer policies are not only for directors and officers of businesses, they're also in place to protect volunteers as well. For example, board members of a little league organization could be liable for thier financial and organizational decision making. If a claim is filed on the grounds of negligence or mismanagement of funding, protection is provide by the D&O policy. Furthermore, D&O policies are specific in language and are not written to cover claims pertaining to injuries or property damage. In most cases, those claims would fall under a general liability policy. Check with an insurance professional today to assess your risks and see if a Directors and Officers policy is something you need. Until next time, be careful out there and know your risks.
G' Kevin Nemith
President, CNC Insurance
Proudly serving Delaware, Maryland, Virginia, Pennsylvania, and New Jersey.
www.cmcinsurance.com
www.bizinsurancetv.com