One thing you don’t want to do too late is to forget to cover your liability. This is especially true if you work as a director or officer in a company. There is every chance that one day someone could try to sue you and potentially cost the company thousands if not millions of dollars. As a result, it would be wise to take out directors and officers insurance. Such an insurance protects the company involved from being hit hard financially in the wake of successful litigation against them. You must always be prepared for the worst possible outcome and insurance helps you do that.
