Executive Risk: Mitigation Strategies
As a business owner, director or officer, you have a vast array of risks that could jeopardize the welfare of your organization, as well as your personal assets. To Live BIG, you must identify these risks and implement startegies to prevent, mitigate and overcome them.
While a senior executive position brings many rewards, it also carries substantial risks that put your financial net worth at stake. Expect that every decision that you make as an executive has the potential to be scrutinized by clients, employees, shareholders, and other executives. Stakeholders may file a lawsuit if they believe a decision you made adversely affected their best interests. Transferring this risk to an insurance company needs to be considered.
Director's and Officers Liability
D&O Liability offers coverage for many different corporate exposures while including protection for the individual's personal assets and the organization's balance sheet. To help protect both your officers and the company's well-being, a D&O policy is part of a comprehensive risk financing strategy.