Directors and officers bear the responsibility of determining the direction of an organization and establishing its operating policies and procedures. Any breach of duty or wrongful act performed by these individuals could cause harm to others. If an injured party files a successful lawsuit, the resulting financial loss could have significant consequences for the directors and officers, as well as the entire organization.
Directors and officers (D&O) liability insurance is available to cover these situations. A comprehensive policy will indemnify injured individuals by providing financial compensation stemming from a lawsuit judgment or settlement. The plan will protect the assets of the directors, officers, and organization as a whole.
A D&O plan may consist of up to four insurance clauses, referred to as “sides,” that apply to the different liability scenarios that directors, officers, and organizations may face:
A D&O liability insurance policy may provide coverage for the following:
Please note that XINSURANCE does not offer any coverage for workers’ compensation.
Perhaps you’re having trouble finding an insurance partner that will provide the right amount of D&O liability insurance coverage, or maybe you’ve been canceled or non-renewed by your carrier. At XINSURANCE, we specialize in these situations. We’re able to offer customized insurance solutions with limits up to $10 million ($20 million via our reinsurance partners). We take on the risks that others turn down — even if you have a less-than-perfect claims history, we can help.
By providing customized coverage solutions under one policy, XINSURANCE can meet all your liability insurance needs. Knowing that your assets are covered gives you true peace of mind. You’ll also appreciate our fast, reliable claims service. You’ll have a trusted partner you can count on to be there in your time of need. Our 24/7 claims hotline is available whenever a situation arises.
We’ll even conduct a free policy review to help you identify any gaps or exclusions on your current plan.
With our quick quote process, you can get the coverage you need without delay. Start by filling out and submitting our online application to our underwriting team. We’ll review your app and contact you by phone to discuss the risk in further detail. We’ll then issue a no-obligation quote for your approval.
Please contact us to get your D&O liability insurance quote today.
With XINSURANCE, you can purchase customized liability insurance coverage that will protect you in all the areas that your homeowners, employers, and business insurance policies won’t or can’t. Our underwriting team brings you over 40 years of experience, along with the ability to offer customized limits, coverage, deductibles, and premiums to create the perfect plan for your personal protection.
Sign up for our newsletter and stay up to date with the latest news about policy coverage in your industry. Plus get tips on how to protect yourself before bad things happen!