Commercial Specialists Insurance Services Insurance for Contractors
HOME
CONTACT US
CUSTOMER LOG-IN
You have insurance needs? We can cover you.
APPLICATIONS
NEWSLETTERS

Food, Glorious Food…Usually

View CSIS Newsletter Archive
MAILING LIST
Please enter your email address below to join or be removed from our mailing list.
Email:  
Code:   Image Verification
              Can't see it? Reload Code
Type Code:  
 
TELL A FRIEND
Tell a FriendClick here to tell a friend about www.csisonline.com.
 - spacer

Directors and Officers Insurance (D&O)

Directors and Officers Liability Insurance (often called D&O) is insurance payable to the directors and officers of a company, or to the corporation itself, to cover damages or defense costs in the event they are sued for wrongful acts while they were with that company.

Typical sources of claims include shareholders, shareholder-derivative actions, customers, regulators, and competitors (for anti-trust or unfair trade practice allegations).

Directors and Officers Liability insurance is commonly purchased with a companion product "Corporate Reimbursement Insurance" (or "Company Reimbursement Insurance"). When purchased together, a single insurance policy is normally issued which is entitled "Directors and Officers Liability and Company Reimbursement Insurance". Modern Directors & Officers policies now frequently include coverage for the Company Entity itself as well as Employment Practice Liability.

D&O insurance is usually purchased by the company itself, even when it is for the sole benefit of directors and officers. Reasons for doing so are many, but commonly would assist a company in attracting and retaining directors. Where a country's legislation prevents the company from purchasing the insurance, a premium split between the directors and the company is often done, so as to demonstrate that the directors have paid a portion of the premium.

A common misperception of D&O insurance is that it makes directors or officers able to engage in acts they know to be wrong; this is not the case. Intentional acts are not covered in D&O insurance. Only negligence by directors or officers would be covered

 

LIVE OPERATOR
ONLINE QUOTE FORM
To request a quote please fill out an online form using the link below
Get Quote Now
 
Instant Quote
 
SEARCH
Keyword:  
JOB BOARD
Looking for a job, or would you like to post a job to our job board using the links below?
POST JOB  VIEW JOBS
OUR CLIENT LINKS
Use the links below to either browse our client websites or request to have your website linked from our site.
  
SPEAK SPANISH?

Would you rather speak to someone in Spanish?

Usted prefiere hablar con alguien en Espanol?

Ask for Todd xt 107 todd@csisonline.com

Visit CSIS Insurance on Facebook