October 4, 2006 4:22 PM EDT
I have a new client who is telling me before I can provide services to them, I
must show proof of corporate directors and officers liability insurance
coverage of at least $1,000,000. I`ve never really thought about getting that
type of insurance before, can anyone give me advice? Exactly what does it
cover, and how much can I expect to pay? We`re only a two person company
at this point, but we are incorporated (S corp) and everything filed properly.