Directors & Officers Liability
Overview
Directors & Officers Liability (D&O) covers a Board of Directors for claims involving actual or alleged wrongful acts made against them while serving as an officer. The Board of Directors is provided protection from personal liability from their managerial decisions, while serving on the board.
From private and public corporations to non-profit entities, all Board of Directors benefit from a Directors & Officers Liability Policy tailored to their unique needs.
Product Limits
$500,000+
Stand-alone or Shared Limit options
Carriers
AM Best "A" rated carriers
Admitted and Non-Admitted
Territories
Highlights
Broad definition of Director and Officer
Broad definition of claim
Favorable venue wording for punitive, multiple, or exemplary damages
Defense outside of the limits available
Modular policy forms available to provide broader risk management
Crisis Management Endorsement
Available in all states
Target Businesses
Submit D&O Liability easily with Novum Online
Private Companies
Public Companies
Not-For-Profit Organizations