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.
View our Directors and Officers Comparison Chart.
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:
To protect from this, Directors and Officers insurance is split into two parts:
D&O coverage does not provide protection to the directors and officers of a professional organization for professional liability claims. An organization should buy a separate Professional Liability (malpractice) policy.
When suits arise where there was no property damage, bodily injury, personal injury nor advertising injury (all areas where the Commercial General Liability policy typically 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.
To discuss your exposure call the Gordon Atlantic Insurance professionals toll free at 1-800-649-3252. Prefer to type versus talk? Ask your question by clicking below!
Browse more specific pages to help make insurance make sense:
It is critical you insure your automobiles; it is also a legal necessity. Auto insurance protects you and your family in the event of an accident. Gordon Atlantic...
If you live in Maine, Massachusetts, New Hampshire, Rhode Island or Vermont, consider insuring your home with Gordon Atlantic Insurance. Our personalized...
Protect what matters most. Our personal lines team will take the time to get to know you and your family so you can secure a policy tailored to your...
We love living on the south shore as much as you do. And if your love of the ocean extends to sailing and motor boating, we can cover this...
It seems there are as many different options of Business Auto Insurance as there are business vehicles on the road, but we can break down the categories using a...
We are local insurance experts serving the South Shore for over 70 years.
Click below to get a free quote for your personal or business insurance.