Protect your company’s officers and board of directors from lawsuits.
Directors and Officers Insurance
Directors & Officers (D&O) Liability insurance is designed to protect the people who serve as directors or officers of a company from personal losses if they are sued by the organization’s employees, vendors, customers or other parties. D&O insurance can cover defense costs, settlements and other costs associated with wrongful act allegations and lawsuits. D&O insurance is an important aspect of a corporate risk management strategy and can help your company attract and retain qualified executives and board members.
Many D&O policies provide the following types of coverage:
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Directors and Officers Liability
Protects directors' and officers' personal assets. It covers damages and expenses assessed against a director or officer who has not been indemnified because the corporation is bankrupt or is barred by law from providing reimbursement.
![d-o-insurance-handing-money-icon d-o-insurance-handing-money-icon](https://coughlinis.com/wp-content/uploads/2021/03/d-o-insurance-handing-money-icon.png)
Indemnification
Reimburses the corporation for funds it has paid to directors or officers (or on their behalf) as indemnification.
![d-o-insurance-lawsuit-icon d-o-insurance-lawsuit-icon](https://coughlinis.com/wp-content/uploads/2021/03/d-o-insurance-lawsuit-icon.png)
Corporate Liability
Claims or suits filed directly against the corporation. Entity coverage varies in scope depending on whether the insured is a private, public or non-profit corporation. When the insured is a public corporation, this coverage usually applies to securities claims only.
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Need more business insurance coverages?
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Coughlin Insurance Services, Inc.
178 Myrtle Boulevard, Floor 2, Larchmont, NY 10538
Toll Free : (800) 542-0661
Tel: (914) 834-1234 Tel: (212) 593-0200
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