Skyrocket Protection D&O Insurance High-Limit Secrets Revealed
Factors Influencing D&O Insurance Costs
The cost of D&O insurance can vary widely based on several factors, including the size of the company, the industry sector, and the specific risks associated with the business. For instance, companies in the technology or financial sectors may face higher premiums due to increased litigation risks. According to a report by Business Insurance, the average cost of D&O insurance for small to mid-sized firms can range from $5,000 to $10,000 annually1. However, for firms seeking high-limit coverage, the premiums can be significantly higher, reflecting the increased risk covered by the insurer.