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Directors and OfficersDirectors and officers of privately held corporations can be sued for a variety actions, but most privately held corporations do not recognize the need for D&O insurance until a claim is presented and lawyers are involved.
The cost of defending a suit against your directors and officers can be substantial, and judgments can be financially crippling. Bad outcomes and associated financial consequences are highly visible in a small business and can lead to suits from Stockholders, Customers, Regulators, Employees, Creditors and Competitors. |
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