Directors and officers liability Insurance (also called D&O) is liability insurance payable to the directors and officers of a company, or to the organization itself, as reimbursement for losses or advancement of defense costs in the event an insured suffers such a loss as a result of a legal action brought for alleged wrongful acts in their capacity as directors and officers.
Bayside Insurance can help Maryland area businesses by crafting a custom policy specific to your business’ needs. From homeowners insurance to auto insurance to boat insurance and more, Bayside Insurance offers comprehensive insurance plans customized to fit your needs. With over 30 years of experience, our professionals are eager to advise when you need a superior insurance company in the Eastern Shore and Central Maryland areas.
Directors & Officers Insurance for Businesses in Maryland
Bayside Insurance has flexible coverage options for directors and officers insurance to keep you protected from wrongdoing by company representatives. Directors and officers insurance from Bayside Insurance can guard against crippling financial liabilities, protecting and securing your businesses’ financial well-being.
If you are in the Upper Eastern Shore area and you are looking for a quality directors and offiers insurance plan contact one of our agents today.
Why is D&O Insurance Important?
Mangers, officers, and directors can make mistakes–and generally they are personally liable for those mistakes, but in certain circumstances, your company can be held liable for any errors or intentional wrongdoing of your staff. In an increasingly global world, companies are having to navigate regulations like never before since there can be considerable variation from one market to another. This increased regulatory complexity can put your directors and officers, and ultimately your company, at risk for liability for any wrongdoings.
With directors and officers insurance, you can help protect your company from crippling financial liability due to the actions of those representing your company–making it a smart choice, particularly for companies that deal in interstate or international commerce.
D&O Insurance for All Industries
Different industries bring different challenges and different levels of liability. At Bayside Insurance, we can custom craft directors and officers liability insurance for :
- Private Companies
- Non-Profit Organizations
- Community Associations
- Healthcare Providers
- Legal Groups
- And more!
Whether you are a small company or a medium to large business, Bayside Insurance has coverage options to meet your company’s needs. Contact us today to request a quote for D&O insurance in Maryland.