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If you think errors & omissions or employment practices liability insurance is enough coverage to protect your organization, think again… especially if your organization has a team of executives or a board of directors. Directors and officers insurance in Massachusetts offers protection against “wrongful acts” or actions made by board directors and executives.
Those acts or actions can be related to discrimination, errors, misleading statements, harassment, wrongful termination, mismanagement of assets, and other breaches of duty committed by the directors of a company or organization.
Often times, a board member will require your organization to provide this type of coverage before he or she considers joining. Investors too may require you purchase directors and officers insurance.
Gone are the days businesses can go without protecting every facet of their livelihood. If you would like more information on how Loughlin Financial Group can help protect your organization with directors and officers insurance in Massachusetts, contact us for a free quote today!