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Comprehensive Directors & Officers Liability Insurance Provided by Sargent Insurance Agency

Protecting Your Leadership in, Arkansas
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Directors & Officers Liability Insurance from Sargent Insurance Agency

In today's intricate operational landscape, D&O claims from stakeholders such as shareholders, customers, vendors, competitors, suppliers, regulators, and creditors pose significant business risks across all sectors. Directors & Officers (D&O) insurance safeguards the personal assets of company leaders when the organization cannot or will not cover their defense costs and any resulting settlements or judgments.

Understanding Directors & Officers Liability Insurance

Directors & Officers (D&O) Liability Insurance protects those in leadership roles from financial loss if they face lawsuits from employees, suppliers, clients, or third parties. This coverage includes defense costs, settlements, and expenses related to wrongful acts, allegations, and legal actions. D&O insurance is a vital corporate risk management strategy component and helps attract and retain skilled executives and board members.

Lawsuits against directors and officials frequently arise for the following reasons:

  • Financial loss or insolvency as a result of a fiduciary obligation breach
  • Misrepresenting the assets of the company
  • misuse of corporate funds
  • phoniness
  • Failure to adhere to workplace regulations
  • Intellectual property theft
  • stealing customers from competitors
  • Inadequate corporate oversight

Coverage Provided by Directors & Officers Liability Insurance

Side A Coverage
Protects directors and officers for defense costs, settlements, or judgments if the company cannot reimburse them, such as in cases of bankruptcy.

Side B Coverage
Covers the company for losses incurred by directors, officers, and employees when the company repays them.

Side C Coverage
Also known as "entity coverage," this protection financially secures the corporation. However, entity coverage may reduce the limits available to protect individual officers and directors.

The Critical Need for Directors & Officers Liability Insurance

The necessity of having comprehensive D&O insurance cannot be overstated. It's a common misunderstanding that other liability policies, such as general commercial liability, errors, omissions, or professional liability, cover misconduct allegations by directors or companies. This is often not the case.

  • Misconduct may not be covered under the organization's indemnification clause.
  • Even if indemnification is possible, the organization may need more funds to cover the ongoing expenses of a lawsuit.
  • Legal costs can quickly escalate to six figures or more.

With the financial support of a D&O insurance policy, indemnification clauses may sufficiently protect the organization's directors and officers.

Secure Your Business Leadership with Sargent Insurance Agency

Contact us today to stay ahead of the complex risk landscape and secure the best D&O insurance coverage. Sargent Insurance Agency is dedicated to providing comprehensive protection for your company's leadership in Arkansas.

Already have Directors & Officers Insurance? Switching is easy

It might be time to switch insurers whenever the service that your existing insurer provides doesn’t meet your needs. For example, if you have a poor claims experience or an unexplained rate increase, it might be time to consider other options

If you cancel a previous policy before a new policy is effective, you could run into some serious financial problems.

Contact us today to help you with multiple options to choose from.
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Sargent Insurance Agency

Also providing service throughout Camden, Helena – W. Helena, Maumelle, North Little Rock, and Pine Bluff areas. – Licensed in Alabama, Arkansas, Mississippi, Tennessee and Texas.
7107 West 12th St. Suite 103 Little Rock, AR 72204
1120 Washington St Camden, AR 71701
2600 West 28th Pine Bluff, AR 71603
421 Perry St Helena AR 72342
Monday ---------  9:00am - 5.00pm
Tuesday ---------  9:00am - 5.00pm
Wednesday ----  9:00am - 5.00pm
Thursday -------- 9:00am - 5.00pm
Friday ------------- 9:00am - 5.00pm
Saturday --------  closed
Sunday ----------- closed
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