What is D&O Insurance?
Directors and Officers (D&O) insurance is liability insurance intended to keep a company financially stable and protect senior-level employees and board members. This coverage is an asset for attracting and retaining executive talent.
Who is D&O Insurance for?
Depending on the policy, D&O liability coverage protects organizations and their staff from financial risk in the event that a customer, partner, vendor, employee, shareholder, or regulator takes legal actions. These events include but are not limited to wrongful termination, fraud, embezzlement, discrimination, conflicts of interest, sexual harassment, and mise of organizational assets. D&O coverage can provide for legal fees including settlements, payouts, and attorney fees
What Legal Claims Can D&O Protect Against?
Conflicts of interest
Misuse of organizational assets
Issuing misleading reports
Not filing annual reports
Mismanagement of retirement accounts
Violations of organizational bylaws
What Does D&O Liability Insurance Coverage Include?
Settlement costs/ payouts
Key Benefits of D&O Coverage
Keep the company financially stable
Protect senior-level employees
Be customized to fit your leaders’ personal situations
Help attract and retain top executive talent
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From quote to claim, our licensed account executives can service all your commercial insurance needs. We offer a full scope of cost-effective and tailored global insurance solutions to organizations so they can continue their operations with peace of mind.