Transform logistics risk with exclusive D&O insurance solutions
Real-World Examples and Statistics
The importance of D&O insurance is underscored by real-world cases where logistics companies have faced significant challenges. For instance, a global logistics firm faced a lawsuit due to alleged breaches of fiduciary duty, resulting in millions of dollars in legal fees and settlements. With D&O insurance, companies can mitigate such financial impacts and ensure continuity in operations.
According to a report by Allied Market Research, the global D&O insurance market was valued at $20.8 billion in 2020 and is projected to reach $35.8 billion by 2030, growing at a CAGR of 6.1% from 2021 to 20301. This growth reflects the increasing awareness and adoption of D&O insurance across various industries, including logistics.