Regional Manufacturers' Secret to Affordable High-Limit D&O Coverage

Strategies for Affordable D&O Coverage

Manufacturers have developed several strategies to keep D&O insurance costs manageable while maintaining high coverage limits. One effective approach is leveraging group purchasing agreements, which allow companies to pool their resources and negotiate better terms with insurers. Additionally, many manufacturers are turning to risk management practices that reduce the likelihood of claims, such as implementing robust internal controls and governance frameworks.

Another tactic involves working with brokers who specialize in D&O insurance for the manufacturing sector. These experts have a deep understanding of industry-specific risks and can tailor policies that offer optimal coverage at competitive rates. By browsing options and working closely with these specialists, manufacturers can ensure they are getting the best possible deal.