What Drives D&O Insurance Costs?
Here are some key factors affecting D&O insurance costs:
• Company size and financial health: Larger, less stable companies face higher premiums.
• Industry: High-risk industries like finance, healthcare, and tech pay more.
• Claims history: Past claims increase premiums.
• Regulatory environment: Stricter regulations mean higher costs.
• Public vs. private: Public companies pay more due to increased scrutiny.
• Coverage limits and deductibles: Higher coverage and lower deductibles lead to higher premiums.
• Policy features and exclusions: Additional features and fewer exclusions increase costs.
• Management experience and practices: Strong leadership can lower premiums.
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