© 2011 Farmin Rothrock & Parrott Companies We Feature... © 2011 Farmin, Rothrock & Parrott, Inc Directors and Officers Insurance Directors and Officers liability insurance, commonly called D&O coverage is a type of policy that has seen increased popularity in the past decade. Once found primarily in the board rooms of large corporations, the coverage is now sought out by smaller companies and a large number of small, non-profit organizations. Board members of a corporation can be held personally liable for the decisions they make while serving on the board. Individuals chosen to serve on the boards of large corporations have long demanded that the company provide the board with D&O protection so that their personal assets would not be at risk. For small non-profit corporations, it has often been thought of as a community service to agree to serve on a board of directors. Many business people and citizens feel it is an obligation to provide service to organizations like their Chamber of Commerce, local arts organizations or community service groups. Unfortunately, as litigation has become more and more common in our country, individuals have become understandably reluctant to place their personal assets at risk in order to engage in community service. As more and more people have become aware of this risk, it is common for them to refuse to serve on the board of a non-profit corporation unless that organization provides D&O coverage for their board. Fortunately, the D&O policies are affordable for most small companies and non-profits. Nowadays, many of the insurance companies offer options to include Employment Practices Liability and Fiduciary Liability among others. Farmin Rothrock & Parrott specializes in commercial insurance, so contact us today for a review or your business or non-profit organization’s insurance coverage. Request a Quote for Directors & Officers Insurance For Even Faster Service, Call Us Right Now! (509) 323-3232 8:00AM - 4:30PM Monday - Friday