Additional Insurance Need for Parent Company
So I've spent the last two weeks calling from about 9 am to noon every insurance agency and nobody can help me.
I have a parent company that I want to buy insurance for in case we are sued by a tenant or vendor as an additional party. My subsidiaries are all listed as additional insured on our landlord policies which covers personal injury which would be the first to get sued.
What kind of policy do we need for the parent - general liability is useless as the parent doesn't own anything other than membership interest in the subsidiary. All I keep hearing is about slip and fall, yet I know no one that gets sued for that, but what I do see is landlords who get sued by tenants due to contractual disputes.
So would D&O insurance be useful, or is there something else?
Thanks for saving me time, I can't take talking to these agents anymore.