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Directors & Officers Insurance

Directors & Officers Insurance

Directors and officers of an organization, profit or non-profit, are often people of position lending their names and reputations to the organization.  These individuals may be subject to lawsuits filed by investors or other parties who hold them responsible for the management decisions of the company. As is the case with many claims, the legal defense costs can be very high even if the lawsuits are dropped or settled outside of court.

D&O insurance works to limit the liability and protect the personal assets of each director or officer.  A responsible organization protects its Directors and Officers.

E&O or errors and omission insurance is different from D&O coverage. E&O covers the employees and company representatives as well as the company itself from unintentional errors committed or omitted.  This insurance protects your organization if sued for its own mistakes. 

Contact a trusted consultant at Premiere Agency Network to further understand these coverages and whether your organization may need D&O or E&O insurance.