Coverage Overview
Directors and Officers (D&O) insurance protects you and your company's board members, directors and managers from claims of negligence or malpractice regarding their leadership. D&O liability insurance provides financial support if your Officers or Directors are personally sued. These types of policies cover:
- Monetary damage
- Actual or alleged wrongful acts
- Management errors
- Related defense costs
- Settlement costs
Do you need Directors and Officers insurance?
You need this type of coverage if you're:
- A nonprofit
- Exposed to large losses
- Have a board of directors
- Want to attract and retain directors and officers
Employment Practices Liability (EPL) insurance is often a feature contained within a D&O policy for small businesses and protects the business from claims of discrimination, wrongful dismissal, failure to employ/promote, and more.
Want to learn more? Contact our small business risk experts.