Construction Pros Access Premier D&O Insurance High-Limit Options
Real-World Examples and Statistics
According to a report by the Insurance Information Institute, the average cost of a D&O insurance claim in the U.S. is approximately $387,0001. This statistic underscores the importance of having adequate coverage limits to protect against significant financial losses. Furthermore, a study by Marsh found that D&O insurance premiums have been rising steadily, with an average increase of 11% in 20222. This trend highlights the need for construction companies to secure competitive deals and explore various options to manage costs effectively.
Securing premier high-limit D&O insurance is a strategic move for construction professionals seeking to protect their businesses from potential legal challenges. By exploring available options and understanding the benefits of comprehensive coverage, you can ensure your company is well-equipped to handle any legal hurdles that may arise. As you navigate this essential aspect of risk management, remember to browse options that align with your specific needs and industry requirements.