Directors And Officers Insurance In Colorado

Lawsuits against directors and officers come from many sources, including employees and shareholders. While they may or may not be justified, insurance protection from these legal actions is needed. Even if the judge and jury disagree with the plaintiff, defense costs can be extraordinary high.

Directors and officers insurance is usually for all manner of companies, from public to private to non-profit. This coverage can be bundled under the same plan as employment practices liability to increase the company's protection from various types of risk.

Directors and Officers Insurance Works With Other Coverage Plans

While directors and officers insurance protects against some lawsuits, there are other areas for the company to consider, including:

• Liquor liability coverage for bars, restaurants and clubs
• Contractor insurance for companies that do outside work
• General liability plans for employee protection
• Industry-specific options like environmental protection and construction

Taken together, these markets cover all of the risk factors a company faces. While it may be expensive to take out so many insurance options, there are different financing options available from some wholesale brokers. For example, negotiating payment amounts, schedules and installments can be possible if the broker is independent and has a financial department.

Adco General is an independent agent and wholesale broker based in Colorado. The company writes a wide variety of insurance policies including liquor, garage keepers and construction liability. Email Adco to learn how its financial department can negotiate payment options for clients so that coverage is affordable.