Welcome to LMBF Assurances
Directors and officers liability insurance, also known as D&O insurance, is an insurance policy designed to protect directors and officers of your organization or business against personal losses resulting from lawsuits or allegations of dereliction of duty, wrongful actions, and mismanagement. D&O insurance can cover legal fees and additional costs incurred by the organization or individual as a result of a devastating lawsuit. LMBF is here to help you maintain your peace of mind and wants to protect your business with tailor-made directors and officers insurance. Start with a free director and officer liability insurance quote.
D&O insurance is an essential insurance policy that applies to any business whose business involves a director or an officer, whether for a for-profit or non-profit business. D&O insurance is designed to insure personal losses, such as financial losses, legal fees, and settlements awarded when the insured person or business is held liable. The most common allegations may include claims from creditors, non-compliance with regulations, mismanagement, etc.
If a director or officer of your business has been found guilty of mismanagement, breach of fiduciary duty, or other error, your D&O insurance may cover the benefits awarded to the other party that you must pay.
D&O insurance is coverage designed to protect your organization or individuals against financial losses, such as legal fees they may have to pay to defend themselves in court.
Directors and officers insurance is designed to cover directors and officers or their business in case they are sued and can cover financial losses associated with a lawsuit.
