Liability insurance for Directors and Officers helps protect your company from unforeseen risks that are not generally covered by a standard commercial liability policy. Just as physicians need malpractice insurance, you need professional liability coverage for the Directors and Officers who run your business.  Directors and Officers Insurance (D&O Liability Insurance) is a crucial piece of your business insurance portfolio both for-profit or not-for-profit organizations. If you already have a policy, you should review it periodically to make sure it is up to date. As your business grows, it’s probably a good idea to increase your coverage limits and reduce your exposure to claims.

How to determine if you need D&O Liability:

• Your business has a board of directors and/or corporate officers
• You sit on a board of directors
• Your board of directors is sometimes faced with making challenging decisions
• The products or services provided by your company or firm are potentially controversial

What Does D&O Liability Insurance Cover?

D&O Liability Insurance covers the costs and damages up to the limits of the policy.  D&O is generally designed to help protect both the assets of the company and the personal assets of the individual board member or officer.  D&O Liability Insurance typically covers liabilities that arise when an individual or group acts in the capacity of a director or an officer for business or practice. D&O Liability Insurance is not designed to cover small exposures.

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