Bedford, Virginia Directors & Officers Insurance

Directors & Officers Insurance (D&O) is a type of liability coverage that provides protection for the board members, officers and directors of your company or organization from lawsuits that can arise from them performing their duties.

D & O Insurance in Bedford, Virginia

This type of coverage protects their personal assets and is becoming more the rule than the exception with larger businesses and organizations. Scott & Bond Inc can help evaluate whether this type of indemnity coverage is appropriate for your situation. Some of the risks to consider are:

• Legal defense costs
• Legal Representative Expense
• Costs arising from extradition proceedings
• Civil Fines / Civil Penalties
• Damages
• Judgements
• Bail Bond Costs

Some business relationships may require you to have Virginia D & O insurance. With the amount of lawsuits in our society today it's becoming more important to evaluate whether it's a necessary protection for your top level decision makers.