Directors and Officers (D&O) Liability Insurance covers the organization’s officers, executive teams, and boards of directors. D&O covers both non-bodily injury and non-property damage claims alleging negligence in executing their duties or failure to act. This is split into two categories: third-party and economic. As a business grows, Directors and Officers Insurance becomes more important because of the protection it offers companies in the case of a lawsuit. If your company faces a lawsuit for emotional distress, malbusiness practices, derivative lawsuits, etc., it will fall under your D&O policy. 

D&O Liability Insurance can be a separate coverage or added to a management liability package. A management liability package includes D&O, Fiduciary, and Employee Liability. Some packages also include Cyber coverage. Each package is specific to the organization that is purchasing the package. If you would like more information and assistance on Directors’ and Officers’ Insurance, please call us at 856-489-9100 today to speak to a HIG agent.