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Many business owners considering D&O insurance

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According to recent research conducted by Towers Watson, business owners across the United States are looking to purchase the proper business insurance coverages that would protect them from potential litigation.

The survey found 69 percent of respondents said they received an inquiry regarding the amount and scope of their directors and officers insurance coverage in 2011, while 81 percent of respondents said D&O liability is one of their top three concerns in the upcoming year.

"Whether it is traditional securities class action litigation, M&A-related activity, derivative actions, or threats from a wide range of regulatory or law enforcement agencies, directors and officers -  and the companies they represent - are seemingly under siege from a wide array of potential claimants," said Larry Racioppo, a representative from Towers Watson.

James Giddens, a trustee from MF Global, told Bloomberg that D&O insurance can provide a source of recovery for shortfalls in customer accounts, as well as recover funding measures that have been lost.

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