Public Company D&O Liability Insurance

What Is Public Company D&O Liability Insurance? Who is it for? Why do you need it? Why get it with First Cover? Still in doubt?

What Is
Public Company D&O Liability Insurance?

When a company launches an initial public offering (IPO) and asks for money from the public, the trade-off for this responsibility is increased risk. Investors will naturally file lawsuits if a company underperforms post-IPO. Build a protective barrier with Public Company D&O Liability Insurance to safeguard assets and continue retaining and attracting top talent.

Who is it for

Public D&O is designed for public companies and companies are ready to go public. This particular D&O coverage protects them against unique vulnerabilities.

why do you need it?

Directors and officers are uniquely liable without D&O coverage, standing to lose their personal assets potentially to the point of total bankruptcy.
Regulatory investigations and fines can be covered by D&O insurance, costs that no employee could reasonably bear.
Customers, shareholders, employees, competitors, and other parties can all initiate lawsuits or class actions claiming negligence on the part of directors and officers.

Retaining and attracting top talent is difficult for publicly traded companies without D&O insurance because these well-informed individuals know how much they stand to lose if exposed.
Smaller publicly traded companies without in-house counsel may face greater exposure that requires greater protection from D&O insurance.
Directors and officers are indemnified for legal and defense costs by D&O insurance, leading to stronger overall company finances.