Driven by the potential for litigation from a broad range of constituents and a heightened concern over the threat of regulatory investigations, more companies across a wide range of industries are increasing their directors & officers (D&O) liability limits, according to global professional services company Towers Watson’s (NYSE, NASDAQ: TW) 2010 D&O Liability survey. Further, among those companies with international operations, a growing number are also purchasing a D&O policy in a foreign jurisdiction.
The Towers Watson survey revealed that 21% of respondents said they had increased their D&O limits compared to their prior D&O policy, versus 12% in 2008, the last time the survey was conducted. Additionally, while 75% said their limits had stayed the same — versus 86% in 2008 — only 3% said they had decreased their limits.
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