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Directors & Officers

To help ensure both your officers’ and the company’s well-being, a directors’ and officers’ liability insurance (D&O) policy is part of a comprehensive risk financing strategy.

Directors & officers (D&O) insurance protects executives against the consequences of any alleged or actual “wrongful acts” they commit while performing regular supervisory duties.

Claims typically stem from errors in judgment, breaches of duty and wrongful acts in connection with company business. The company/organization buys coverage on behalf of its directors and officers to indemnify them against claims. Without this coverage, the personal assets of directors and officers could be at risk.

  1. Directors and officers may be liable if they:
    misappropriate a corporate asset for personal use or use elsewhere;
  2. commingle business and personal assets;
  3. breach their legal duty to the company; or
  4. fail to disclose potential or actual conflicts of interest

Who Needs It?

Companies and organizations may need this coverage in order to attract quality board members and top executives. If you sit on a board or are a director, we encourage you to insist that the organization has D&O coverage.

It is important that you speak with your insurance broker to make sure that you have the proper insurance coverages in place. Doing so will help protect your bottom line and provide peace of mind.

Request a quote online or call our commercial insurance experts today for more information