At a glance
- We’ve teamed up with Insurance Age to sponsor the SME: Now and Future series.
- The series examines how the SME market, across all sectors is changing and developing.
- In this article we examine the importance of D&O cover for SMEs
Small businesses are waking up to the value of D&O insurance, seeking greater assistance from their insurance partners to help them get the cover they need.
D&O insurance might have been around for decades, but it is really only in the last few years that it has come into its own for companies at the smaller end of the SME spectrum.
Darrel McCartan, financial lines market manager for Zurich explains: “D&O has now been out and about for 30 years. What happens at the top starts to filter down and so the actions taken against individuals and companies at the high levels are starting to come into the sight of the SME market.”