Directors and Officers Liability Insurance (D&O)

Management Liability Policies To Protect Private Companies

What is Directors and Officers Liability Insurance (D&O)?

Directors and officers’ liability insurance, or D&O insurance, is designed to protect the people who serve as directors or officers of a company if they are sued by employees, vendors, customers, or other parties. These policies can cover legal costs, settlements, and other expenses related to allegations and lawsuits.

This type of insurance is essential for any company with a board of directors or executive leadership team, as it can provide crucial financial protection in the event of legal action. Without D&O insurance, directors and officers may be held personally liable for any damages or losses incurred by the company, which can have a significant impact on their personal finances.

In addition to protecting the individuals, D&O insurance also benefits the company itself. By covering legal costs and potential damages, this insurance can help mitigate financial risks for the company and ensure its ongoing operations.

The benefits of D&O insurance include:

Lawsuit Protection

Our D&O policies protect your administration from lawsuits involving breach of fiduciary duty, misrepresentation of company assets, misuse of company funds, fraud, failure to comply with workplace laws, theft of intellectual property, and lack of corporate governance.

Customized Policies

No matter the size of your company or your business industry, most businesses have directors or officers entrusted with a significant list of duties. We’ll customize a policy to meet the unique needs of your business and the responsibilities of your directors and officers.

Insurance Experts

Our agents have extensive experience helping businesses find the right D&O insurance policies. We work with private and public companies, financial institutions, and other companies that use a board of directors to make decisions.

Peace of Mind

A well-fitted directors and officers’ insurance policy is critical to your business’s protection. If your company works with vendors or government entities or has employees or customers, you may be exposed to an executive vulnerability that leads to costly action. Get the peace of mind you deserve with our policies.

Directors and Officers’ Liability

Directors and officers are under tremendous pressure for the decisions they make on behalf of your company. Since this type of pressure can leave room for error, cover your directors and officers in performing their duties with D&O protection.

Cyber Coverage

With so much business information stored online today, cyber coverage is vital. Protect your organization from a data breach where your business’s, employees’, or customers’ information is exposed or stolen.

Employment Practices Liability

D&O liability insurance protects your company from current, former, or prospective employee claims. Employment-related allegations include discrimination, wrongful termination, sexual harassment, and retaliation.

Fiduciary Liability

Protect your assets and cover legal costs related to fiduciary misconduct, improper advice or disclosure, imprudent investments, breach of duties, conflict of interest, and other negligence from the administration.

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Affordable D&O Insurance Policies With AMC Insurance

We work with some of the best insurance providers to bring you the D&O coverage you need to protect your decision-makers. All organizations, whether public, private, or nonprofit, are vulnerable to a multitude of D&O exposures. We’re here to help you understand your risks and prevent the financial impact of these risks with quality coverage.

Protect Your Leadership with Comprehensive D&O Liability Insurance

AMC Insurance offers robust directors and officers (D&O) liability insurance to safeguard the personal assets of your company’s leadership against claims alleging wrongful acts. Our comprehensive insurance coverage shields directors and officers from financial loss due to lawsuits involving property damage, bodily injury, or other liabilities, helping cover defence costs and settlements. Whether your business is addressing employment-related issues or allegations of mismanagement, our tailored policies provide critical liability coverage to ensure your organization remains secure. Trust AMC Insurance to deliver the protection your executives need while mitigating risks for long-term business stability.

Find the Right Directors and Officers’ Liability Insurance Policy for Your Business

At AMC Insurance, we understand that your business is unique, so we customize our policies to fit your specific needs. We offer three basic coverage options to meet our clients’ needs. This includes:

A-Side Coverage

A-side coverage protects directors, officers, and sometimes employees from legal expenses, settlement fees, or judgments if the company can’t repay them, such as if they’ve declared bankruptcy.

B-Side Coverage

B-side policies cover the company for directors’, officers’, and employees’ losses when the company does not compensate them.

C-Side Coverage

Also referred to as entity coverage, these policies financially protect your corporation in its own rights.

Directors and Officers Liability Insurance (D&O) FAQ

Who Is D&O Insurance For?

Directors and officers’ insurance provides directors and officers of non-profit, for-profit, and privately held businesses. These policies are a crucial aspect of corporate risk management strategies. They can help your company attract and retain qualified executives and board members.

Why Do I Need D&O Insurance?

It’s a common misconception that D&O claims are mostly a public company issue. Any business with a corporate board or advisory committee should invest in D&O insurance, including non-profits. However, small businesses may need protection just as much as multi-million dollar enterprises.

What Does Directors and Officers’ Insurance Cover?

D&O insurance policies cover exposures such as securities litigation, regulatory actions, allegations of misrepresentation, and breaches of fiduciary. Insurance policies cover legal fees, settlements, and other costs. They are the financial backing for standard indemnification provision, which holds officers and directors harmless for losses due to their company role.

What Is Not Covered by My Policy?

As with any policy, there are specific exclusions with all D&O policies. Illegal acts or illegal profits are generally not covered by your D&O policy.

Is There a Deductible with D&O Insurance?

Like most coverages, your D&O liability insurance does have a deductible. Work with your agent to find the right option for your budget. You’ll determine the amount of your deductible when securing your coverage.

How Much Does D&O Insurance Cost?

Costs vary from one policy to another, but several factors determine your premium rates, including the type of business, company revenue, history of legal claims, and the amount of debt your business currently holds.

Get The Right Directors And Officers’ Liability Insurance For Your Company

Get started today! Our agents are ready to help you find the right D&O insurance policy for your business needs.

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