Directors and Officers/Management Liability Insurance
D&O coverage safeguards directors and officers (D&O) of a corporation (or managing partners in a partnership) from liabilities tied to business operation and management. It provides assurance in the event of a lawsuit related to their duties within the healthcare organization, enabling confident decision-making without the fear of personal financial loss.
Types of Coverage:
Side A for individual directors and officers.
Side B for the corporation if indemnification is required.
Side C for the entity.
Types of Eligible Healthcare Organizations:
Hospitals and health systems, Clinics and physician groups, Laboratory facilities, Blood or organ collection centers, Ambulatory surgery centers, Rehabilitation and dependency facilities, Behavioral and mental health centers, Assisted living facilities, Continuing care retirement communities, Retirement homes, Skilled nursing facilities, Hospice and home healthcare centersThis coverage also extends to a variety of other organizations that include doctors on their boards and management teams.