Directors and Officers

Directors and Officers (D&O) Liability Insurance protects you against defense costs and any damages from claims alleging wrongful acts on the part of directors and officers in the performance of their duties.

D&O insurance covers your directors and officers individually when they cannot be reimbursed by the organization and protects the organization itself when it is allowed to reimburse the director and officers. Some policies also contain an option to cover specific company liability lawsuits.

Extensions of D&O protections include coverage for:

• Lender Liability
• Professional Liability
• Fiduciary Liability
• Employment Liability
• Trust Errors and Omissions

Typical sources of D&O claims include shareholders, shareholders-derivative actions, regulators, customers, employees and competitors. Litigation costs have risen dramatically in recent years due to the pervasive belief that alleged performance failures may yield large jury awards. Consequently, D&O insurance is a must for acquiring and retaining quality board members and officers in your organization.