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The Importance of D&O Insurance

D&O insurance is vital because it safeguards the personal assets of corporate directors and officers, as well as the financial health of the organization. Without this coverage, leaders might be hesitant to take necessary risks or make strategic decisions, fearing personal liability. This reluctance can stifle innovation and growth. Additionally, D&O insurance can attract and retain top talent, as individuals are more likely to join a company where they feel protected.