Companies are paying big bucks to insure boards against liability as class-action suits soar
This year may bring sticker shock for publicly traded U.S. companies when they get their insurance bill.
The risks of being sued have skyrocketed and the price of insurance premiums is rising right alongside, especially for liability insurance to cover directors and officers, or D&O.
Insurance broker and consulting firm Woodruff Sawyer said D&O costs for many companies have quadrupled in the last…