If you’re a Texas business owner, protecting your business assets by purchasing commercial insurance is essential. Most business owners recognize the value of seeking expert advice when selecting the best commercial insurance options. If your business is located near Quinlan, TX, our team at the Slaughter Insurance Agency is here to address your questions and concerns. We’ve been serving Texas businesses like yours since 1989.
Directors and Officers Policies
When building your company’s commercial insurance portfolio, much of the discussion will likely focus on liability coverage. One important type of policy to consider is the Directors and Officers Policy. According to the Texas Insurance Information Portal, this policy provides coverage for expenses resulting from lawsuits against the directors or insured officers of your company. Covered costs may include bail bonds, legal fees, extradition expenses, civil fines, and legal penalties.
This type of insurance is generally divided into three clauses:
- Side A: Covers non-indemnified directors and officers who are not insured by the business.
- Side B: Provides coverage for the company when it chooses to indemnify its covered directors and officers.
- Side C: Offers entity security coverage, which can be used if your company is sued for security-related claims.
Call Us for Your Appointment Today
We take pride in our professional approach to commercial insurance. Our team at the Slaughter Insurance Agency has built an excellent reputation over the past 35 years. Businesses in the Quinlan, TX, area trust our expertise and insurance knowledge. Call us today to schedule an appointment, and let us have the privilege of working with your team.
