Regional Manufacturers Rejoice D&O Insurance High-Limit Secrets
Real-World Examples and Statistics
According to a recent survey, nearly 25% of manufacturing companies have faced a D&O claim in the past five years1. This highlights the necessity of having adequate coverage. Additionally, the average cost of a D&O claim in the manufacturing sector is approximately $1.5 million2, underscoring the importance of high-limit policies to cover substantial potential liabilities.
Securing high-limit D&O insurance is a strategic move for manufacturers looking to protect their leadership and ensure business continuity. By exploring the available options and customizing a policy to fit your needs, you can safeguard your company against the uncertainties of the business landscape. As you navigate this process, remember that the right coverage not only protects your assets but also empowers your company to pursue innovation and growth with confidence.