Directors and Officers Insurance - A Must Have for Startups
D&O Coverage Basics
With today’s emphasis on corporate transparency and accountability, an organization’s directors and officers face a countless number of exposures. Whether you are a startup that is applying for Seed round or Series A, D&O coverage is a must.
- It protects your company and the board member assets against management related risks.
- It shows prospective investors and board members that you take D&O risks seriously and will be a requirement from some venture capital firms or angel investors.
- It offers peace of mind against claims arising from your board management responsibilities.
- Risks associated with regulatory exposures, mergers, acquisitions or raising funds through an online platform can create exposures should be considered under a D&O policy.