Directors and officers insurance, or D&O insurance is essential to protecting the leaders of a company. These individuals hold vital roles in any business, so protecting them is critical to the lifeblood of the company. As such, when selecting your D&O insurance, there are certain characteristics that you should look for within your provider.
A quality provider will have a strong reputation and longevity within the industry. A quick internet search can provide you with vital information to gauge the legitimacy of a company. You should check for the following:
- Years in business
- Positive customer feedback
- Awards, distinctions or reputable affiliations
Even if a company has a good reputation and offers an array of benefits, it might not provide the coverage you need. Take some time to map out your company’s specific coverage needs and make sure that the providers you consider offer policies that supply ample amounts of coverage to fully compensate for those needs.
When any company has a customer focus it makes a different in the quality of service provided. This is no different when it comes to insurance providers. You should make sure that the providers you are considering take time to develop relationships with their clients and fully service their needs.
Consider the aforementioned characteristics when looking for a directors and officers insurance provider and you will be sure to select the best option for your needs.