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Financial Considerations
The cost of D&O insurance varies depending on several factors, including the size of the company, the industry, and the claims history. On average, small to medium-sized enterprises can expect to pay anywhere from $5,000 to $10,000 annually for a $1 million policy limit1. Larger companies or those in high-risk industries may see premiums that are significantly higher. It's important to weigh these costs against the potential expenses of a lawsuit, which can easily reach into the millions.