Director’s and Officer’s (D&O) Liability

Director’s and Officer’s (D&O) Liability is designed to protect organizations and their board members from financial loss due to claims alleging a variety of management errors. Whether the wrongful errors were actual or not, the policy would respond in defense of an organization and their directors and officers up to the policy limits. Keep in mind that even unfounded claims may result in devastating legal costs, which can drain an organization’s funds quickly.

Examples of wrongful acts include (but not limited to):

• Error

• Omission

• Misstatement

• Breach of duty

• Discrimination

• Sexual or racial harassment

• Libel

• Slander

• Invasion of privacy

• Breach of employment contract

Additional endorsements can be added for:

• Crime

• Embezzlement

• Fiduciary improprieties

• Theft or loss of money

• Forgery

How much does it cost?

Premiums begin at $616/year and up, depending on the scope of an organization’s financials and the management involved.