Services - Commercial Coverages

Directors & Officers Liability

Insures corporate directors and officers against claims, most often by stockholders and employees, alleging financial loss arising from mismanagement. The policies contain two coverages as follows:

  • The first reimburses the insured organization when it is legally obligated to indemnify corporate directors and officers for their acts
  • The second provides direct coverage to directors and officers when the organization is not legally obligated to indemnify them.
D&O forms are written on a claims-made basis and typically exclude intentional/dishonest acts and bodily injury and property damage.