Cyber Insurance for Residential and Hospitality Real Estate Owners
June 12, 2024BY LISA MYRBERG, MBA, CPCU, & GEOFFREY MILLER, ESQ
Many private real estate companies mistakenly believe that D&O Insurance only applies to public companies worried about the U.S. Securities and Exchange Commission. However, the complex structure of private real estate companies with the multiple parties involved make them susceptible to claims and lawsuits both as a company and sometimes as individuals with their own personal assets at risk.
In this paper, we’ll review reasons why D&O insurance is a must-have for private real estate companies that work with debt and equity lenders, what the personal liability of Directors and Officers might look like, and how D&O insurance helps in the real world