There are plenty of misperceptions and marketplace myths when it comes to the need for directors and officers liability insurance, especially for privately owned, emerging and midsized companies.
Three myths in particular are all too common, any one of which can leave directors and officers seriously exposed to high legal costs and potentially crippling damage claims in heavy-duty lawsuits.
Therefore, corporate insurance buyers, along with their agents and brokers, need to be vigilant not to fall victim to the following trio of myths:
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