Risk & Business Magazine Spectrum Spring 2021 | Page 25

D & O TRENDS

D & O Trends

To Watch In 2021

Organizations trust their

senior leaders to make important decisions and act with stakeholders ’ — shareholders , customers , employees — best interests in mind . However , in today ’ s climate of increased corporate accountability , protecting your senior leadership team from directors and officers ( D & O ) liability exposures can be a significant challenge , making
D & O coverage a crucial aspect of your organization ’ s risk management program .
Put simply , D & O insurance can help protect your organization ’ s senior leaders from the costly consequences of engaging in alleged or actual “ wrongful acts ” while performing their job duties .
Apart from securing D & O coverage , it ’ s important to stay up to date on the latest D & O market trends . In doing so , your organization will have the information needed to respond appropriately and make any necessary coverage adjustments . Don ’ t let your organization fall behind in this evolving risk landscape . Below is a summary of D & O trends to watch in 2021 .
THE COVID-19 PANDEMIC The ongoing COVID-19 pandemic has forced many organizations to make serious operational changes
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