D&O Insurance

Protect Your Organizations Directors and Officers From Potential Lawuits

The leaders of your organization are subject to a variety of potential liability risks. Protect the top executives in your company with directors and officers insurance coverage from LoPriore Insurance Agency. 

 
D&O Insurance Massachusetts

WHAT IS IT

D&O Insurance is a liability policy that provides coverage for your company's managers, directors, officers, and employees for suits alleging that their decisions cause financial harm. It may also pay for legal defense.

WHY DO I NEED IT

D&O Insurance protects your company and its directors against claims from stockholders, employees, and clients. Since company leaders can be held responsible for the acts of the company, most directors and officers will demand to be protected rather than put their assets at stake.

WHO NEEDS IT

All organizations (public, private, and non-profit) and the individuals who make decisions are at risk of potential liability claims related to their business.

D&O Insurance Coverage Details

Directors and officers insurance protects the personal assets of company leaders and their spouses in the event they are personally sued (by employees, vendors, competitors, investors, customers, or other parties) for alleged wrongful acts related to the company. D&O Insurance can provide liability coverage for directors of all types of organizations including:

  • Corporations
  • Non-profit Organizations
  • Private Firms
  • Educational Institutions
  • Churches
  • Homeowners Associations
  • Condo Associations

FAQs

Can I Be Held Personally Liable For Claims As A Volunteer Board Member?

Most organizations carry provisions to protect board members, but there may be exclusions that leave you open to a lawsuit. Liabilities that aren't covered by your organization can be covered by D&O insurance.

Are There Any Exclusions In My D&O Insurance Policy?

A D&O policy will not recover wages, taxes, fines, penalties, or multiplied damages. It also excludes claims related to unlawful activity.

When Do Claims Need To Be Reported For A Potential D&O insurance Claim?

These claims should be reported immediately when you become aware of the claim.

What Are The Most Common Sources Of D&O Claims?
  • Employment practice suits including hiring and firing
  • Contract disputes
  • Mergers reflecting a conflict of interest
  • Financial performance
  • Copyright infringement
  • Competitor disputes
What Happens To D&O Coverage If The Company Is Bought Or Merges Into Another Company?

Typically, your D&O policy includes provisions for a change in control. These provisions often state that the policy will stay in effect for the remainder of the policy period. However, coverage will only be provided for claims involving wrongful acts that occurred before the change. Some policies do terminate immediately upon a change in control, so it is important to understand the terms of your policy.

Learn More about D&O Insurance

To learn more about D&O insurance or the other commercial policies available to protect you and your business, get in touch today. Our experienced agents are available to provide a quick quote, answer your questions, or help you find insurance that fits your lifestyle.

Have any Question? Ask us anything, we’d love to answer!

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