Since the financial crisis of November 2008 managers responsibilities have been brought to the forefront in the media. Even though you may not be a publicly owned financial institution privately held and not for profit organizations also need D&O. This is a coverage that you should consider.

D&O insurance helps to protect the financial assets of the company and the personal assets of the directors and officers themselves. Having coverage in place helps to attract and retain qualified directors and officers.

All organizations should consider whether the can survive claims such as the following:

• Allegations of mismanagement
• Embezzlement scheme carried out over a number of years
• Allegations of pension mismanagement
• Extortion threat to publicize proprietary information

You should also be made aware that legal expenses for D&O claims could far exceed the judgment.

For these reason and may other it is a coverage that should be discussed.