Directors & Officers Insurance
Safeguard your directors and officers from costly claims.
Directors & Officers (D&O) Insurance protects company leaders from personal financial loss if they’re sued over decisions made while managing the business. It covers legal defense costs, settlements, and other expenses from claims alleging mismanagement, breach of duty, or misleading statements.
Whether you run a private company, nonprofit, or homeowner association, D&O insurance helps shield leadership from personal liability—so they can make confident decisions for the organization’s future.
What is D&O insurance?
D&O insurance provides protection when directors, officers, or board members are accused of wrongdoing in their management decisions. It helps cover defense costs and settlements from lawsuits brought by employees, customers, investors, or even competitors.
Common allegations include:
Breach of fiduciary duty
Misuse of company funds
Misrepresentation of assets or performance
Failure to comply with regulations
Negligent management or oversight
What does it cover?
D&O insurance typically covers:
Legal defense costs — attorney fees, court costs, and settlements
Claims of mismanagement — poor business decisions or oversight
Breach of fiduciary duty — failing to act in the best interest of stakeholders
Misrepresentation — misleading statements about the company’s finances or prospects
Regulatory investigations — defense against certain government or shareholder actions
Who needs D&O insurance?
If your business has officers, directors, or board members making management decisions, you likely need D&O insurance. Even small companies and nonprofits can face claims related to leadership decisions.
You should consider D&O insurance if your organization:
Has a board of directors or advisory committee
Seeks outside investment or funding
Manages funds on behalf of others
Handles HR, financial, or strategic decisions that affect others
Operates as a nonprofit or HOA with volunteer board members
Special note for HOAs
Homeowners Associations (HOAs) benefit significantly from D&O insurance. Board members can be sued over decisions related to financial oversight, vendor disputes, or enforcement of community rules.
This coverage safeguards HOA board members from personal financial risk while serving their communities.
Why it matters
D&O coverage is often a requirement for securing investors, board members, or key executives. It shows your business is serious about governance, risk management, and protecting leadership.
Even one lawsuit—founded or not—can cost hundreds of thousands in legal fees. This policy ensures your company’s leaders are supported when they need it most.
Protect your directors and officers with coverage that keeps them focused on growing your organization, not defending it.