Accountants Save Big with Exclusive D&O Risk Protection
Benefits of D&O Risk Protection
For accountants, the benefits of having D&O insurance are multifaceted. Firstly, it provides a layer of financial protection that can prevent personal bankruptcy in the event of a lawsuit. Secondly, it enhances the reputation of the firm by demonstrating a proactive approach to risk management, which can be attractive to potential clients and partners. Furthermore, it allows accountants to make decisions with confidence, knowing that they have a safety net in place.
According to a survey conducted by the Insurance Information Institute, companies with D&O insurance are better positioned to handle claims effectively and tend to recover more quickly from legal disputes1. This is a significant advantage, as it allows accountants to focus on their core responsibilities without the constant worry of legal repercussions.