A necessity in risk management
In today’s modern and fast paced business environment, private companies face an array of challenges that demand strategic decision-making and leadership. To navigate these challenges successfully, private companies often rely on a talented and experienced board of directors and officers.
However, with leadership comes inherent risks, making it imperative for private companies to consider Directors and Officers (D&O) insurance.
Here's why it's important
Financial protection
If leaders are ever accused of making bad decisions or not doing their job properly, this insurance helps cover their personal wealth so they don't have to pay for legal troubles out of pocket.
Attracting talent
Talented people might not want to work for a company without this insurance because they could end up losing their own money if things go wrong.
Regulatory compliance
Some laws and stock markets
mandate companies have D&O insurance.
Risk mitigation
D&O coverage means leaders can make tough choices without worrying about losing their own money.
Investor confidence
Some investors require D&O as a condition of being on the capitalization table of a company. For a company to have D&O insurance is also a sign of business maturity and adds to investor confidence.
Under 24hr turnaround
on submissions
Everybody’s time is precious. The Anzen team prides itself on returning D&O quotes in less than 24 hours.
Understanding the nuances of management liability can be daunting. Anzen has a team of experts that helps brokers and clients refine their needs and right-size their coverage requests.
Anzen integrates with Carta - the most trusted equity management platform for equity management. With access to cap tables, our expert underwriters can prepare D&O quotes in hours.