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Current Trends and Pricing in D&O Insurance
The cost of D&O insurance can vary significantly based on factors such as the size of the company, the industry sector, and the company's claims history. According to a report by AM Best, the average premium for D&O insurance has been on the rise, with some companies seeing increases of up to 30% over recent years1. This trend is driven by the increasing frequency and severity of claims, particularly those related to cybersecurity and regulatory compliance.
However, businesses can still find competitive pricing by carefully comparing options and leveraging discounts. Many insurers offer bundled packages that combine D&O insurance with other types of coverage, such as Employment Practices Liability (EPL) insurance, at a reduced rate. Additionally, companies with strong risk management practices may qualify for lower premiums.