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 & Officers insurance?
You need this type of coverage if you have any of the following factors:
- Exposed to large losses
- A board of directors
- Looking to attract and retain directors and officers
- Non-profit (in particular)
Want to learn more? Contact our small business risk experts.