Directors and Officers Coverage

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

What Does D&O Cover?

A D&O policy specifically provides coverage for a “wrongful act,” such as an actual or alleged error, omission, misleading statement, neglect or breach of duty. This coverage provides defense costs and indemnity coverage to the entity listed on the policy declarations, which may include:

  • coverage for individual directors and officers
  • reimbursement to the organization for a contractual obligation to indemnify directors and officers that serve on the board; and
  • protection for the organization or entity itself.

Whether you’re a nonprofit, privately held or a public company, it is likely that your business can benefit from a D&O policy. Since there is no such thing as a “standard” policy, a professional agent is invaluable when purchasing D&O coverage. We understand your organization and can knowledgeably help design policy language to meet your needs.