Revolutionize Real Estate Gains with D&O Insurance Secrets
Cost Considerations and Real-World Examples
The cost of D&O insurance varies widely based on factors such as the size of the company, the industry sector, and the extent of coverage required. For small to medium-sized real estate firms, premiums can start from as low as $1,000 annually, while larger companies might see costs ranging from $10,000 to $50,000 per year1.
Consider the case of a mid-sized real estate firm that avoided a $2 million legal settlement thanks to their D&O insurance policy. The company was accused of mismanagement, but their insurance covered the legal defense costs and settlement, preserving the firm's financial stability and reputation2.
Exploring Your Options
When considering D&O insurance, it's crucial to evaluate different policies and providers to find the best fit for your specific needs. Many insurance companies offer customizable plans that can be tailored to the unique risks associated with real estate investments. As you search options, pay attention to policy limits, exclusions, and additional coverages that might be beneficial, such as employment practices liability insurance (EPLI) or fiduciary liability insurance.