At some point, someone will tell a private company entrepreneur: “You need D&O insurance.” Directors and officers insurance – or “D&O” – is the insurance that responds when your company’s directors and officers are involved in a lawsuit and named personally in their capacity as Ds and Os. It’s all but impossible to recruit and retain good directors without it.
Unlike some other types of insurance, D&O insurance is not a commodity. Rather, it is a complex financial instrument, and it is all too easy to purchase a policy that doesn’t provide the coverage you think it does.
In an effort to demystify the process, Woodruff Sawyer is proud to announce the release of the “Guide to Private Company D&O Insurance.” This interactive guide provides you with:
- An overview of D&O insurance
- Eight reasons to buy private company D&O insurance (or not)
- An explanation of important D&O policy exclusions
- Information about how to structure your private company D&O insurance program
- Methods for choosing limits
- An understanding of how D&O insurance fits into your IPO plans
- Guidance about when to choose a broker who specializes in D&O insurance, as opposed to a generalist
This guide is especially useful for you if your private company is:
- A large company with complex risks
- Facing Series C or D rounds of funding
- Within a couple years of your initial public offering
- Valued at $50 million or more
If some of the characteristics above describe your company, I encourage you to reach out to your Woodruff Sawyer contact (or me) to learn more about how we can help you navigate the complexities of private company D&O insurance, and protect your directors and officers during your company’s next phase of growth.
Note: This document will view best on an iPad or Android tablet, but can also be viewed from your desktop. Once you click/tap on the link to download the PDF, it will open in your web browser. Rather than continuing to view the document from within your web browser, click/tap the download button and choose to open the document with Adobe Reader. If you do not view the document within Adobe Reader, full functionality and interactivity may not be available. If you do not currently have Adobe Reader installed, you can download it for free now>
The views expressed in this blog are solely those of the author. This blog should not be taken as insurance or legal advice for your particular situation. Questions? Comments? Concerns? Email: firstname.lastname@example.org.