Director & Officer Liability Insurance

Covers defense costs incurred by the insured, subject to policy limits. Defense costs may reduce the overall limit of liability.

Coverage includes amounts payable in settlements or judgments. The policy pays these amounts on behalf of the insured individuals.

Includes reimbursement provisions where the insurer reimburses the company for indemnification provided to directors and officers.

Covers claims related to management and disclosure obligations concerning company securities, including misrepresentations and insider trading allegations.

Directors and officers can be held personally liable for decisions made in their corporate roles. D&O insurance protects their personal assets from claims related to wrongful acts.

Quality directors and officers are more likely to serve if they know they have protection against personal liability for their corporate decisions.

Helps ensure compliance with corporate governance requirements and regulatory obligations.

Protects the company's financial resources by covering legal costs and potential settlements that could otherwise drain corporate funds.

Directors may face claims for failing to act in the company's best interest, a core coverage area under all policies.

False or misleading statements in public disclosures can lead to significant claims. D&O insurance covers such wrongful acts.

Claims related to wrongful termination, discrimination, or harassment are often covered.

Directors and officers may be held accountable for regulatory non-compliance, including violations of laws and regulations.

Claims related to management and disclosure obligations concerning company securities, including insider trading allegations and market manipulation.

Provides coverage for directors and officers if they become personally liable for the company's unpaid taxes.

Extends coverage to the company itself for claims related to employment practices such as wrongful termination and discrimination.

Covers costs incurred if a director or officer faces extradition due to criminal or regulatory investigations.

Helps pay for legal representation during formal investigations, including regulatory or administrative proceedings.

Automatically extends coverage to any newly acquired or created subsidiaries and their directors and officers.

Notify the insurer as soon as a potential claim or incident is identified with relevant details.

Insurer evaluates the incident to determine coverage, reviewing the nature of alleged wrongful acts.

Insurer appoints legal counsel with mutual consent of the insured party.

Legal counsel formulates strategy, prepares defense, and explores settlement opportunities.

Legal team reviews all relevant documents and evidence to build a robust defense.

Insurer covers defense costs including legal fees and associated expenses during trial.

Insurer and counsel may recommend out-of-court settlement to resolve claim efficiently.

If case results in court-ordered award, insurer disburses payout per policy limits.

The insurer's financial stability is critical to ensuring they can cover high-value claims and pay promptly.

Look for an insurer with a proven track record in efficiently handling and settling claims.

The insurer should have deep understanding of D&O liability risks and specialized knowledge in corporate governance.

Strong reinsurance arrangements ensure the insurer has backing needed to handle large or complex claims.

Ability to customize coverage to fit specific company needs with flexible limits and tailored endorsements.

Responsive and knowledgeable customer service team to guide policy selection and assist with claims.