Directors & Officers Liability Insurance
Directors face unprecedented regulatory and political scrutiny. The rise in claims against Directors and officers is exponential as stakeholders seek legal actions for financial losses. We offer Directors & Officers Liability Insurance to protect any company against threats that its directors face.
Directors and Officers Liability Insurance (D&O insurance) is a type of liability insurance that provides financial protection to directors and officers of a company in the event they are sued for alleged wrongful acts committed in the course of their duties. D&O insurance policies cover claims made by shareholders, employees, customers, creditors, suppliers, regulators, or other parties.
Directors and Officers Liability Insurance (D&O insurance) is recommended for any company with a board of directors or executive officers, regardless of the size or type of the business. This includes public companies, private companies, non-profit organizations, and even small startups.
Extensions of Coverage usually include the following:
Management Liability cover
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Pre-claim inquiry
Assets and liberty costs
Derivative investigation hearing
Insolvency hearing cover
Reputation expenses
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Corporate manslaughter
Circumstance / claim mitigation
Interpretive counsel
New subsidiary
Discovery period
Run-off for retired insured persons
Emergency costs
Global dutch securities settlement advice
Company crisis loss
And other
HJS Insurance Agents and Consultants offers Directors & Officers Liability Insurance, from reputable global insurers, to protect any company against threats that its directors face. At our company, we understand that the risks and liabilities facing today's directors and officers are constantly evolving, and we are committed to providing our clients with comprehensive coverage to protect their personal and professional assets.
Contact us for a complimentary consultation tailored to your company’s unique needs.
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Publicly traded companies: Directors and officers of publicly traded companies face a greater risk of lawsuits due to their fiduciary duties to shareholders and the increased scrutiny from regulatory bodies.
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Private Companies: Directors and officers of private companies can be sued by shareholders, creditors, employees, or regulatory bodies for alleged mismanagement, breach of fiduciary duty, or other types of misconduct.
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Non-profit organizations: Directors and officers of non-profit organizations can face legal action from donors, volunteers, or other stakeholders for mismanagement, breach of fiduciary duty, or other types of misconduct.
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Startups: Directors and officers of startups may face personal liability for business decisions made in the early stages of the company's development, and D&O insurance can provide protection during this critical time.
In general, any company with a board of directors or executive officers should consider obtaining D&O insurance to protect against the financial risks of potential legal claims or allegations of wrongful conduct.
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Breach of fiduciary duty: This includes allegations that directors or officers failed to act in the best interests of the company, or engaged in self-dealing or other conflicts of interest.
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Mismanagement: This includes allegations that directors or officers failed to properly manage the company, made poor business decisions, or failed to disclose material information.
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Employment practices: This includes allegations of discrimination, wrongful termination, harassment, or other violations of employment laws.
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Securities laws violations: This includes allegations of insider trading, misrepresentations in financial statements, or other violations of securities laws.
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Cybersecurity and data breaches: This includes allegations that directors or officers failed to adequately protect sensitive information or respond appropriately to a data breach.
It's important to note that D&O insurance typically does not cover criminal acts, intentional misconduct, or fraudulent activities. D&O insurance may cover legal defense costs, settlement or judgment amounts, and other related expenses associated with these types of claims. However, the specific coverage and limits of a D&O insurance policy can vary depending on the policy's terms and conditions.