Texas Insurance Company Highlights the Importance of Directors and Officers Liability Insurance

March 19, 2014 - PRLog -- Frank Hursh, owner of Houston-based company, Texas Energy Insurance, highlights the importance of this insurance.

“Directors and officers insurance is an important liability protection, to help protect companies –and their directors and officers from serious allegations, and the implications that these allegations can cause.”

Directors and Officers Liability Insurance is important for any company that has a board of directors. This insurance offers valuable protection for companies and their directors against lawsuits brought on by employees, stockholders, and clients.

For publicly traded companies, or for companies that operate on an international level, this insurance is especially important. Directors and Officers Liability Insurance is often required by investors and venture capitalists; who will usually require evidence of Directors & Officers Liability insurance before they consider funding the company.

“Even the most prudent director can make mistakes –and be held personally responsible for them. The amount of decisions that managers are faced with are innumerable and complex, and often the available information on which decisions must be made is limited,” Hursh warns.

“Allegations against directors and officers are on the rise,” says Hursh, highlighting the importance of this insurance. “The increasing prevalence of lawsuits makes a directors and officers insurance policy, an increasingly necessary precaution.”

“Since directors, officers, and senior managers can be named as defendants in lawsuits, these individuals should be protected under the company’s directors and officers policy.” adds Hursh. In fact, oftentimes directors will make this insurance a requirement.

Texas Energy Insurance offers Directors and Officers Liability Insurance for companies across the state of Texas. For more information on Directors and Officers Liability Insurance, visit Texas Energy Insurance (http://www.texasenergyinsurance.com/).

www.texasenergyinsurance.com/directors-and-officers-liability-insurance.html