Directors & Officers (D&O) Insurance
Directors & Officers (D&O) Insurance covers business and non-profit leaders and executives against claims alleging mismanagement, breach of fiduciary duty, or many other things.
What is Directors & Officers (D&O) Insurance?
Directors & Officers (D&O) Insurance is a crucial coverage for businesses of all sizes. It is designed to protect directors and officers against claims alleging a wrongful act in their capacity as directors or officers, including breaches of fiduciary duty, mismanagement of company funds, and other similar allegations.
Why You Need It
To Attract and Retain Top Leadership Talent
Talented individuals may hesitate to join a board or take on an executive position without the assurance that they will not be personally liable for their actions as a director or officer. D&O insurance provides that assurance.
To Protect Personal Assets of Directors and Officers
Directors and officers can be held personally liable for their actions. D&O insurance provides coverage to protect their personal assets in the event of a lawsuit.
To Safeguard the Company's Financial Health
Legal defense costs can be high, even if allegations are unfounded. D&O insurance helps ensure that such costs don't impact the company's financial health.
Protect Your Organization's Leaders
We can help! Get started on a D&O insurance quote today.
What Directors & Officers (D&O) Insurance Covers
Legal Fees
Covers legal costs, settlements, and judgments arising from lawsuits against directors and officers.
Wrongful Act Allegations
Protects against claims alleging errors, omissions, misleading statements, neglect, or breach of duty by a director or officer.
Derivative Lawsuits
Covers lawsuits brought by shareholders on behalf of the company.
Regulatory Claims
Provides coverage for claims arising from investigations by regulators or other government entities.
What Directors & Officers (D&O) Insurance Doesn't Cover
Fraudulent or Criminal Acts
D&O insurance does not cover fraudulent, criminal, or intentional non-compliant acts.
Pending and Prior Litigation
Lawsuits and legal actions related to events before the policy's retroactive date are generally not covered.
Bodily Injury or Property Damage
These claims are typically covered under a company's general liability policy, not its D&O policy.
Reasons To Have Directors & Officers (D&O) Insurance Coverage
Directors & Officers (D&O) Insurance is a must have for businesses that need:
To Attract and Retain Top Leadership Talent
Talented individuals may hesitate to join a board or take on an executive position without the assurance that they will not be personally liable for their actions as a director or officer. D&O insurance provides that assurance.
To Protect Personal Assets of Directors and Officers
Directors and officers can be held personally liable for their actions. D&O insurance provides coverage to protect their personal assets in the event of a lawsuit.
To Safeguard the Company's Financial Health
Legal defense costs can be high, even if allegations are unfounded. D&O insurance helps ensure that such costs don't impact the company's financial health.
What Does Directors & Officers (D&O) Insurance Coverage Cost?
Costs can vary based on your location, your financials, and your ownership structure. Here are some examples of D&O quotes for smaller organizations:
| Technology Software | Fraternal Benefit Group | Construction Management | |
|---|---|---|---|
| State | NJ | CA | PA |
| Revenue | $1,000,000 | $5,000 | $102,809,579 |
| Policy Limit | $1,000,000 | $500,000 | $1,000,000 |
| Deductible | $10,000 | $0 | $15,000 |
| Annual Cost | $3,500 | $750 | $7,000 |
Running a larger or more complex organization comes with additional risk and increased premiums. Here are some D&O quote examples for larger organizations:
| Hotel | E-Commerce | Battery Distribution Startup | |
|---|---|---|---|
| State | GA | TX | FL |
| Revenue | $40,000,000 | $16,000,000 | $30,000 |
| Policy Limit | $3,000,000 | $3,000,000 | $2,000,000 |
| Deductible | $50,000 | $250,000 | $50,000 |
| Annual Cost | $25,000 | $57,000 | $30,000 |
Frequently Asked Questions
What Our Customers Are Saying
Buying insurance can be a daunting task because of the complexity of each policy. LandesBlosch has been a game changer for my business. They held my hand through all the different options that my businesses may or may not needs to make sure I'm not underinsured. This reduces my personal stress and my business liability.
Dalton P.
I have been with Guy Landes and the LandesBlosch agency for almost 20 years. Guy Landes and his staff have been there for me and my entire family through several claims as well as guiding us successfully to ensure our family’s ever changing and growing business. Whether you are looking for personal or commercial insurance, you cannot find a more devoted and competitively priced group than the LandesBlosch Group!
Mike S.
If integrity is an important element in your business dealings? LandesBlosch delivers. This company stands on timeless character strengths that have been the cornerstone of their business build. Exemplary customer service skills combined with astute knowledge in the industry equates to unparallel success for any individuals or businesses seeking solid counsel. I highly recommend LandesBlosch as your insurance partner, you will not be disappointed.
Cheri M.
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