It is said that a typical adult makes an average of 35,000 decisions a day! Many of those choices are made in a place of employment or in the duty as an officer or director of a company. Whether as an employee or in a voluntary role, an action or misrepresentation could compromise the company financially. Directors & Officers (D&O) – also known as management liability – is an affordable policy to have in place to protect your company these exposures.
Any entity with a board of directors should have a D&O policy. Setting one up is quick and easy and usually runs small operations under $1,000 in premium annually. Larger companies can have the option to add crime, employment practices, and general liability coverage to their policy as well.
Who in aviation may need a D&O policy?
- Flying clubs
- Private airports
- Association airports
- Aviation organizations
- Aviation groups that involves a membership
Aviation Insurance Resources (AIR) provides a full range of aviation insurance products to clients of all sizes throughout the United States. Whether you rent or own an aircraft, or run an aviation business, AIR has the risk solution for you. All the knowledgeable insurance agents at AIR are pilots, so they have first-hand experience in the industry they serve. To see how AIR can assist your business or organization, call 301-682-6200 or visit us online today!