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Directors and officers insurance
​

​Directors and officers liability (D&O) insurance is a policy designed to provide protection for business executives and managers in the event that they’re accused of committing wrongful acts in their job capacity.  Such wrongful acts could potentially include:
  • Breach of duty or trust - Failing to properly carry out expected or required duties
  • Misleading statements - Making statements, forecasts or promises that are misleading or false, or dishonestly concealing facts
  • Errors and omissions - Providing poor, incomplete or incorrect work, or failing to deliver promised services.
 
Company employees that are eligible for protection under a directors and office insurance policy could include the following:
  • Managers
  • Executives
  • Directors
  • Trustees
  • Officers.
 
If an executive level employee in your business is accused of a wrongful act, legal defense or compensation may potentially cause a financial strain to the business. For this reason, D&O insurance offers a layer of protection.

A D&O insurance policy could reimburse costs such as legal defense, investigation and settlement. This protection that D&O offers can vary between policies; therefore, due diligence is necessary.

D&O insurance exclusions

There are a number of circumstances that are not typically covered under a D&O insurance policy:
  • If the law is broken: e.g. fraud, intentional negligence
  • Claims against a company as a whole: Traditionally, damages must be attributed to the negligence of one individual. However, some D&O policies do now provide cover for the company accused as a whole.
  • Cover of another policy: If the claim can be defended under the cover of another insurance policy, then directors and officers insurance will not provide protection.

Do I need directors and officers insurance?

If a claim is made against your business executives, the potential repercussions could leave your business financially vulnerable. If the size and structure of your business means this is a scenario you can imagine as damaging, then D&O insurance is certainly something to consider.
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As with many insurance-related decisions, attitude towards risk is a major factor that influences which policies a business decides to include in its package. It’s a good idea to assess how likely your business will come under threat from a claim made against your directors or officers.  Consider the financial implications of not having the relevant protection in place, and then balance it against the cost of a D&O insurance policy.

We offer insurance policies in various states.  Contact us for consultation and quotes.

We work with the main auto/home, commercial as well as life insurance/annuities carriers.  Shop with us for quality brands and pricing.



The right insurance is a nexus to peace of mind.

Let our team assist you with focusing on your tomorrow. 

A quality insurance policy helps to protect your assets and your legacy.  Don't skimp on your greatest asset - YOU.  Let us be your advocate for a policy(ies) that aligns with your objectives and overcomes your concerns.  Try our quoting platforms to shop around. Then reach out to us. We are here for you. 

Contact Us  -

856-873-2376
[email protected]

  • Home
  • About Us
  • Our Services
    • Commercial Insurance
    • Cyber Liability
    • Landlord's Insurance >
      • Dwelling Insurance
    • Homeowner's Insurance >
      • HO - 1, HO -2
      • HO-3 , HO-5
      • HO-4, HO-6
      • HO-8
    • Life Insurance
    • Professional Liability >
      • Directors and Officers
    • Umbrella Policies
  • Connect the Dots
  • Contact Us