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Directors & Officers
D&O coverage for the healthcare industry
Director and officers liability insurance (D&O) is a large and growing exposure for healthcare organizations. While organizations may differ in their structure, almost all require protection from liability risks arising from the daily business activities and decisions.
Directors and officers can be held liable for all of their acts, and can also be held liable for the acts of company employees and other business activities in which they did not necessarily participate. Most importantly, they can be held personally liable for legal fees and other expenses incurred while defending claims made against them.
Some areas of risk include:
- Vicarious Liability for Medical Malpractice
- Outside Board Activities
- Setting up Policies and Procedures
- Charges of Anticompetitive Acts
- Shareholder Suits
- Anti-Trust Allegations
Like other forms of insurance, directors & officers insurance is a method of transferring financial risk from the corporation, individual directors, and officers to an insurer. In addition to being a prudent business practice, this type of insurance is often purchased by companies wishing to attract and retain outside directors. After all, it's better to evaluate your insurance coverage in the boardroom than in the courtroom
At Madison, we have the experience and expertise to evaluate your needs, identify optimal plans, and advise you regarding the most beneficial, affordable Directors & Officers Insurance for your specific business.
To receive Directors and Officers Insurance coverage, please Contact Us. A Madison representative will go over your options and the best ways to proceed with protecting your practice.
