Premiums on the rise for directors and officers insurance
- March 5, 2021 |
- Kathryn Walson
Uptick in lawsuits has led insurers to lower coverage limits and raise deductiblesSome associations are finding that directors and officers insurance might be more expensive than it used to be. Risk-averse insurers are raising premiums and lowering coverage limits because of a spike in lawsuits in the past year, insurance experts told CEO Update.Former employees have sued organizations after being laid off or furloughed due to the pandemic, while others have sued over being required to report to a workplace where others weren't wearing face masks, said Deborah Stevens, senior director, financial solutions at ASAE Business Services. D&O insurance is worth it despite the… Read More