Director and Officer (D&O)
Director and Officer (D&O)
Safeguard Your Leadership
Director and Officer Liability coverage is essential for businesses with a board of directors or executive officers, protecting them from personal liability in case the organization faces legal action. While corporate structures offer some level of personal protection, this insurance provides an extra layer of security for key leaders.
As a director or executive, your responsibilities can be immense, making it vital to have financial protection against potential lawsuits. This insurance ensures that you can focus on leading your business effectively, knowing that your personal assets are safeguarded from claims related to your professional duties.
What Does It Cover?
- Advancement of Defense Costs
Provides upfront payment for legal defense expenses related to covered claims.
- Legal Fees for Investigations
Covers legal fees and expenses for attending regulatory or governmental investigations.
- Pre-Investigation Costs
Covers preliminary costs incurred before formal investigation proceedings.
- Outside Directorship Cover
Extends liability protection to directors serving on external boards.
- Automatic Discovery Period
Offers an automatic period to report claims following policy expiration.
- Subsidiary Coverage
Extends coverage to subsidiaries for claims arising during the insured period.
- Lifetime Run-Off for Retired Directors
Provides ongoing coverage for retired directors against claims from their tenure.
- Special Excess for Non-Executive Directors
Additional protection specifically for non-executive directors facing claims.
- Prosecution Expenses
Covers legal expenses if directors face criminal or regulatory prosecution.
- Bail Bond and Civil Bond Expenses
Assists with costs associated with bail or civil bond requirements.
- Crisis Communication Extension
Provides support for public relations and crisis management expenses.
- Risk Management Extension
Includes risk management resources to minimize claim exposure.
- Accidental Homicide (Corporate Manslaughter)
Covers defense costs in cases of corporate manslaughter accusations.
- Assets & Liberty Expenses
Covers costs to protect personal assets and freedoms of directors.