Hiscox targets brokers in D&O drive for SME business
The lack of directors' and officers' (D&O) liability insurance among small and medium-sized business...
The lack of directors' and officers' (D&O) liability insurance among small and medium-sized businesses (SMEs) is a potential selling opportunity for brokers, Hiscox has said.
D&O has been increasingly taken up in recent years, with growth approaching 100%, as directors have realised the cost of a potential claim made against them. However, according to the insurer, SMEs have not appreciated the dangers of lacking D&O. This has prompted Hiscox into a campaign to persuade brokers of the benefits of
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