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Understanding D&O Insurance for Event Venues

Directors and Officers (D&O) insurance is a crucial component for any event venue, providing financial protection for the management team against potential claims related to their decisions and actions. This type of insurance covers legal fees, settlements, and other costs that may arise from lawsuits alleging wrongful acts, such as breach of duty, negligence, or mismanagement. For event venues, where the stakes are high and the risks are numerous, having a robust D&O policy can safeguard the organization and its leaders from significant financial losses.