Texas Directors & Officers Insurance
Directors & Officers Insurance (D&O) is a type of liability coverage that provides protection for the board members, officers and directors of your company or organization from lawsuits that can arise from them performing their duties.
D & O Insurance in Texas
This type of coverage protects their personal assets and is becoming more the rule than the exception with larger businesses and organizations. Pro-Source Insurance Agency/ Harnem Insurance Group can help evaluate whether this type of indemnity coverage is appropriate for your situation. Some of the risks to consider are:
- Legal defense costs
- Legal Representative Expense
- Costs arising from extradition proceedings
- Civil Fines / Civil Penalties
- Bail Bond Costs
Some business relationships may require you to have Texas D & O insurance. With the amount of lawsuits in our society today it's becoming more important to evaluate whether it's a necessary protection for your top level decision makers.