Claims against directors and officers come from shareholders, employees, regulators, competitors and creditors, and they allege mismanagement, breach of duty, misrepresentation and employment practices violations. Without D&O coverage, the individuals — not the organization — may be paying for their own defense.
We place D&O for privately held companies, non-profits and associations, often packaged with employment practices liability and fiduciary coverage in a management liability program.
What directors & officers (d&o) can include
- Side A – individual coverageProtects directors and officers when the organization cannot or will not indemnify them.
- Side B – corporate reimbursementReimburses the organization when it indemnifies its leaders.
- Side C – entity coverageCovers the organization itself for certain claims.
- Employment practices liability (EPLI)Wrongful termination, discrimination, harassment and retaliation claims.
- Fiduciary liabilityClaims related to the management of employee benefit plans.
Who this is for
- Privately held companies with outside investors or lenders
- Non-profit boards and associations
- Condominium and homeowner associations
- Growing companies preparing for outside capital or a sale
- Any organization that wants to attract experienced board members
Common questions
We are a small private company — do we really need D&O?
Most D&O claims against private companies come from employees, customers and competitors, not shareholders. If you have employees or contracts, you have exposure.
Does D&O cover non-profit volunteers?
Non-profit D&O policies typically extend to volunteer board members and committee members.
How is D&O different from general liability?
General liability covers bodily injury and property damage. D&O covers financial loss from management decisions — a completely different set of claims.