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.

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Directors & Officers (D&O) Insurance

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

1

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.

2

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.

3

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

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What Directors & Officers (D&O) Insurance Covers

Legal Fees

Legal Fees

Covers legal costs, settlements, and judgments arising from lawsuits against directors and officers.

Wrongful Act Allegations

Wrongful Act Allegations

Protects against claims alleging errors, omissions, misleading statements, neglect, or breach of duty by a director or officer.

Derivative Lawsuits

Derivative Lawsuits

Covers lawsuits brought by shareholders on behalf of the company.

Regulatory Claims

Regulatory Claims

Provides coverage for claims arising from investigations by regulators or other government entities.

What Directors & Officers (D&O) Insurance Doesn't Cover

Not Covered

Fraudulent or Criminal Acts

D&O insurance does not cover fraudulent, criminal, or intentional non-compliant acts.

Not Covered

Pending and Prior Litigation

Lawsuits and legal actions related to events before the policy's retroactive date are generally not covered.

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 SoftwareFraternal Benefit GroupConstruction Management
StateNJCAPA
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:

HotelE-CommerceBattery Distribution Startup
StateGATXFL
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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