Did you know that you can be held personally liable for the decisions that you make as a member of a Board of Directors or as an officer of a professional group?
Elatas works with professionals seeking Directors & Officers (D&O) Liability insurance coverage designed to provide financial protection for the directors, officers, and the corporate entity which they serve. This coverage is necessary in the event of lawsuits that allege mismanagement of the corporation. These suits can be brought against the directors/officers, either individually or collectively. A D&O policy is a tool through which the corporate entity can be reimbursed for its costs in defending and settling lawsuits against its directors and officers.
Also, individually by endorsement or issuance of a separate policy, a physician can utilize the D&O policy to cover damages and defense costs in the event they suffer personal losses as a result of a lawsuit for alleged wrongful acts while acting in their capacity as directors and officers for the organization.
To learn more about Directors & Officers Liability Insurance, contact your local Elatas Risk Partners agent.