Individuals of great responsibility are at the forefront of for-profit businesses and non-profit
organizations, and resting on their shoulders lies the future of their company or institution.
Yet, these individuals are not infallible, as they may be involved in controversies and other
complex issues. In order for your business or organization to maintain stability and financial
coverage for any liabilities, contingencies should be put in place. At R.H. Nicholson & Company,
our professional insurance agents work together with you to develop an intricate insurance
policy that provides you with the protection you need. If you aren’t sure what your policy
should entail to keep you covered, get in touch with our team today.
What Does Directors and Officers Insurance Cover?
At R.H. Nicholson & Company, our insurance agents provide protection from such occurrences in
the form of our Directors and Officers (D&O) Insurance policy, which covers top-level executives
and administrators from suits against their company or organization caused by negligence,
omissions, and misleading statements.
These suits are most often from shareholders who accuse the individuals in charge of their
businesses of wrongful acts against them. A D&O policy protects those in charge from enormous
losses due to the suits against them. It also often reimburses legal fees and additional costs
an organization receives in defending its director/officer in the aforementioned lawsuit.
Directors and Officers Insurance for Businesses in Northern Virginia
R.H. Nicholson & Company provides two coverage structures for a directors and officers insurance
policy. The first is personal coverage, in which the director or officer is not protected and
taken care of by their business or organization. Then, there is corporate reimbursement
coverage, which compensates any losses that a company or organization from a lawsuit against the
directors and officers. At R.H. Nicholson & Company, the flexibility we provide in our range of
coverage ensures that businesses, charities, and non-profit organizations have all of their
needs fulfilled.
Contact our directors and officers insurance agents to create a custom policy for your business.
