Directors’ and Officers’ Business Insurance in Mount Dora, FL
The most effective way to assemble a group of skillful leaders for your corporation is to provide assurances that the proper tools are in place to protect them and their families. The team at our experienced insurance agency in Mount Dora, FL, works to explore the possibilities and come up with a comprehensive package that provides for the security of your directors and officers as well as their spouses.
Business is a competitive world that can be uncertain at times, but there is a way to bring certainty and peace of mind to it for your organization. It can be sought and obtained through a company which specializes in business insurance in Ocala, FL. Our specialists at Maranatha Tax & Insurance Agency have insight about, and plenty of experience in, obtaining thorough and effective business coverage. They use many sources of information and comb the market to come up with solutions that work for you when you need business insurance in Mount Dora, FL.
What is Directors’ and Officers’ Insurance?
As the name suggests, director and officer insurance policies protect personal assets of all corporate directors and officers, as well as those of their spouses. If these leaders are sued by employees, vendors, customers, or other parties for wrongful acts while managing a company, this insurance will cover all legal fees, settlements, and other costs.
Ensure every member of your business is protected when you reach out to us for director and officer insurance plans and other professional insurance policies. This coverage offers protection if your leaders are sued for any of the following:
• Breach of Fiduciary Duty Leading to Financial Losses or Bankruptcy
• Misrepresentation of Company Assets
• Misuse of Company Funds
• Failure to Comply with Workplace Regulations
• Theft of Intellectual Property
• Poaching of Competitor’s Customers
• Lack of Corporate Governance
Do You Require Director and Officer Insurance Policies?
While you may not think your business requires this coverage, the truth is that all public, private, and non-profit companies face director and officer litigation risks. A lawsuit can occur for any number of reasons, and it is important to be protected in the event of the unknown.
Any business that has a board or advisory committee is encouraged to make the smart investment and purchase a directors’ and officers’ insurance policy. Whether you have a mid-sized business with just a few assets or a major corporation, these policies can save you from complete financial devastation if a lawsuit is filed.
Crucial Insurance for Your Organization
A successful company starts with effective leadership. Attracting and retaining qualified executives and business leaders is essential to the growth of the organization. By having a directors’ and officers’ insurance policy in place, you will safeguard these important positions. These policies can make it easier for you to recruit potential leaders to your company.
Contact us in Mount Dora, Florida, to learn more about our coverage options. We provide top policies for businesses throughout the state.