Directors & Officers Liability Insurance, explained.
Protection for decisions made while leading an organization.
Directors & Officers Liability Insurance
Directors and officers liability insurance, or D&O, addresses certain claims alleging wrongful acts in managing an organization. Depending on the policy, it can protect individual directors and officers, reimburse the organization for eligible indemnification, and cover specified entity claims. Private companies, nonprofits and other organizations have different forms and underwriting requirements.
Inside a Directors & Officers Liability policy.
Is this for you?
Plain language answers.
No. D&O focuses on management decisions; professional liability addresses allegations involving professional services. A business can need both.
No. Conduct exclusions, insured versus insured provisions, coverage triggers and other limits apply. Do not assume bodily injury, property damage or fraudulent conduct is covered.
Yes. Nonprofit boards face governance allegations too. Eligibility, insured roles and coverage terms should be reviewed against the organization’s activities and governing documents.
Coverage availability depends on operations, underwriting and the policy’s terms, limits, deductibles, conditions and exclusions. Descriptions are general education, not a coverage determination. Coverage is not bound by submitting an inquiry.
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