Collapsing Banks Caused Searches for Director and Operator Insurance to Skyrocket

Within a week of the Silicon Bank collapse, the number of searches for D&O insurance with a $3 million coverage limit was more than twice what it had been before. 

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Within 2 weeks, searches for higher coverage limit D&O insurance was still up by 62%, and although interest in coverage limits continued to fall to $1 million as the threat to the wider financial system seemed to abate and cooler heads prevailed, the total quantity of D&O searches remains way up.

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This increased awareness of their own liabilities for matters outside of their control, especially among start-up company founders, will go a long way toward minimizing that exposure with the help and guidance of insurance brokers, who in turn have a major opportunity to provide tangible value in an area that many decision makers are already personally interested in exploring further. 

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