Directors and Officers (D&O)

TARGET CLASSES:

  • Co-Ops/-Condos
  • Restaurants
  • Non-Profit Organizations
  • Professional Services

AVAILABLE COVERAGES:

  • Up to $10 Million Aggregate
  • Streamline Applications
  • Quick Turn around
  • Claims Made Form
  • Subsidiary Coverage

NON-PROFIT ORGANIZATIONS :

  • EPLI with Third Party
  • Fiduciary Exclusion Available
  • Employment Practices Liability
  • Volunteers Included as Individual Insured

PRIVATE FOR PROFIT ORGANIZATIONS :

  • Optional Duty to Defend
  • World Wide Coverage
  • Spousal Estate & Domestic Partner Extension
  • Up to six lines of Coverage under one form

MINIMUM PREMIUM:

  • $600

MINIMUM DEDUCTIBLE:

  • $2,500

What is Directors and Officers Insurance?

Directors and Officers Liability Insurance provides financial protection for the directors and officers of your company. It protects them in the event they are sued in conjunction with the performance of their duties of the company. Think of Directors and Officers Insurance as a management Errors and Omissions policy.

Why Do You Need Directors and Officers Insurance?

Anytime you have employee’s management is susceptible to Employment Practices lawsuits, these may sometimes be covered under D & O Insurance. Since a director can be held personally responsible for acts of the company, most directors & offices will demand to be protected rather than put their personal assets at stake. Investors and member of board of directors will not be willing to risk their personal assets to serve as a corporate director or officer. The majority of D & O claims are employment practices related.