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Does It Matter If My Company Is Public Or Private For D & O Insurance?
The risk to senior management is similar for both private and public executives. Therefore, it is encouraged for both private and public companies to secure Texas directors and officers insurance to protect company leaders and the business.
In most cases private and venture investors mandate that companies buy D&O insurance either before closing a round of financing or within some specified time after closing. The intent being if something serious and unplanned happens a proper D&O policy will support the company leaders as well as the board.
There are some differences between D&O policies for private and public companies. The biggest difference is that public policies cover Securities Class Actions brought by investors. As such, D&O insurance for a public company will be more expensive, which is understandable as there are simply more stakeholders involved.
Set Up Your Business To Succeed With A Texas Directors and Officers Quote Today
ConXis Insurance Services is here to partner with you in your business success. Calling and starting the process to sign up for your McKinney Texas directors and officers insurance is easy. ConXis Insurance Services can make sure that we have the right solution for you as we work with multiple carriers with “A” rated carriers who specialize in helping you find commercial directors and officers insurance for you.
“Appointing Chris as our broker to all of our polices has been a key decision in our business. We’ve worked with multiple brokers over the last 13 years and Chris has been great to work with. Chris has spent time to ensure we, understand what the policy entails and does/ not cover in order to make the best decisions for our business….”
“Chris has handled both my personal and business insurance needs in both a timely and professional manner. He’s easily accessible and very responsive. I’ve referred business customers of mine to him and he’s treated them the same way he did me. I would highly recommend Chris for all your insurance needs.”
“Great all around Insurance agent!!! Very efficient and good with communication. Takes time to listen to the client and make sure they not only have the best price, but that they have the proper coverage for when you need the insurance. My family and I know we are safe and protected with Chris”