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Financial Considerations and Benefits
The cost of D&O insurance can vary significantly based on several factors, including the size of the company, the industry, and the level of coverage required. On average, startups might expect to pay between $5,000 to $10,000 annually for $1 million in coverage1. However, the benefits far outweigh the costs, as this insurance can cover legal fees, settlements, and other related expenses, which can quickly escalate without proper coverage.