Directors & Officers can be held personally liable for their decisions. The only protection between a claim and personal assets may be a D&O policy.
Average total cost of a D&O claim for a private company is $310,000 (settlement/judgment + defense).
39% of private companies with 25 or more employees have experienced a D&O suit in the past 5 years.
Private companies are sued by their employees, shareholders, investors, competitors, supplier, customers and lenders.
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CID Insurance Programs is an E&S Wholesaler specializing in commercial insurance products designed for independent and captive insurance brokers’ business client’s needs.
Our wholesale business insurance products encompass a broad range of preferred to manageable hard-to-place risks. CID Insurance has developed strong relationships with both admitted and non-admitted markets. Our commitment is to make the quote and bind process fast and easy for our retail insurance brokers.
