Director’s & Executive’s Liability

directors insurance office workers sitting in a boardroom

Director’s & Officer’s (Executive) Liability coverage is built to help protect you against lawsuits that may put your personal assets at risk. 

Whether it’s the result of actions by an employee who’s been dismissed, a disgruntled shareholder, unethical co-worker or other allegations, Director’s & Officer’s Liability protects you against a possible lawsuit.

 

Common coverages for Director’s & Executive’s Liability

Corporate Management Liability Coverage

Corporate Management Liability Coverage, or often called Executive Liability Insurance, provides a policy that protects against exposures faced by directors, officers, managers, and business entities that arise from governance, finance, benefits, and management activities.

Directors and officers increasingly find themselves confronting litigious customers, regulators, employees and shareholders. Since directors and officers can be held personally responsible for their management decisions, most demand protection rather than risk their personal assets.

In an increasingly regulated and litigious business environment, corporate executives can see their assets at risk for decisions they made as the leader of a company. 

Management Liability Coverage includes:

  • Directors and Officers (D&O) Liability Insurance
  • Employment Practices Liability (EPL) insurance
  • Fiduciary Liability Insurance
  • “Special Crime” insurance (covering kidnap, ransom, and extortion exposures)
Profit and non-profit entities

A Non-for-Profit organization’s need for protection may depend in part on its ability to survive potentially catastrophic risks that may include:

  • Allegations of mismanagement by donors
  • A discrimination lawsuit from several employees
  • An embezzlement scheme carried out over several years
  • A sexual harassment claims from a vendor
  • An allegation of pension mismanagement from an employee
  • An extortion threat to publicize proprietary information

Coverage selections for managing their individual and organizational exposures can include:

  • Directors and Officers and Entity Liability Insurance
  • Employment Practices Liability Insurance
  • Fiduciary Liability Insurance
  • Crime Insurance
  • Kidnap/Ransom and Extortion Insurance