Directors & Officers Liability

Directors and Officers Liability Insurance is a specific type of insurance designed to protect an organization’s directors and officers from financial loss that could result from allegations or lawsuits of wrongful acts or misconduct.

Duty of Care
Duty of Loyalty
Duty of Obedience
What It Is
What It Covers
Directors and Officers Liability Insurance protects corporate directors in officers should they be sued for alleged wrongdoing, whether they are guilty or not. It can help cover legal costs arising from a lawsuit. Corporate issues that can lead to problem vary widely. They are held responsible for any failure to comply with regulations or provide a safe workspace. Common claims can include:


Underperformance by company
Lack of, or poor corporate governance
Breach of fiduciary duty resulting in financial losses or bankruptcy
Failure to comply with laws & regulations
Making decisions without proper authority
Employment practices & HR issues

There are other options besides Directors & Officers Liability Insurance as well. Here are two:

Cyber Insurance

This is critical for most businesses, as cyber crime is rampant at the moment. Protect yourself against loss. This can also help cover the cost of assisting clients when their data has been stolen.

Business Interruption

Should your business suffer from a flood or fire or other damage due to natural disasters, this will replace lost income and funding should you need to work out of another location for a time.

Saving Money

If you want to save money on your Directors and Omissions Liability policy, there are a couple of things you can do:

Pay your entire premium upfront – insurers typically offer discounts in this case
Manage your risks proactively with a risk management plan
Respond promptly to any claims of workplace harassment or assault
Form internal HR protocols for hiring & firing
Directors & Officers Liability
What’s Not Covered

A number of things are not covered under this type of insurance, so best to set your expectations accordingly. What’s not covered includes fraud, intentional acts of noncompliance, illegal remuneration, property damage or bodily harm (except corporate manslaughter), fines and penalties, and any claims made under a previous policy.

Please Let Us Help

It’s always smart to speak to a Financial Advisor before buying insurance – you don’t want to end up paying for something you don’t need. You can initiate an application right here:

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