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Directors and Officers Insurance

Directors and Officers (D&O) coverage protects the directors and officers of corporations and other entities against legal judgments and related expenses resulting from allegations of wrongful acts committed in their individual capacity as company directors and officers.

View our Directors and Officers Comparison Chart.

The risk: Directors and officers can be held personally liable if their neglect results in a loss to the corporation or its shareholders.  Claims can come from many places, including:

  • Shareholders
  • Employees
  • Competitors
  • Customers

To protect from this, Directors and Officers insurance is split in two parts:

  • Direct coverage to the directors and officer (only utilized when the corporate entity is not permitted to reimburse the directors and officers).
  • Corporate reimbursement.

D&O coverage does not provide protection to the directors and officers of a professional organization for professional liability claims. This is because the organization should buy a separate Professional Liability (malpractice) policy.

When suits arise where there was no “property damage,” “bodily injury,” “personal injury,” or “advertising injury", areas where the CGL policy provides coverage, D&O coverage is the only insurance that stands between plaintiffs and directors’ assets.   The sheer volume of suits against directors and officers has further fueled the need for this coverage.  Request a quote or give us a call today.

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