Call us: 703.961.8886
info@questinsurance.us
Quest InsuranceQuest InsuranceQuest InsuranceQuest Insurance
  • About
  • Group Benefits
    • Group Medical
    • Group Dental
    • Group Vision
    • Short-Term Disability (STD)
    • Life Insurance / Accidental Death and Dismemberment (AD&D)
    • Long-Term Disability (LTD)
    • Long-Term Care (LTC)
    • Employee Assistance Program (EAP)
    • Travel Insurance
    • Pet Insurance
    • Section 125 Cafeteria Plan
    • Legal Services
    • Consolidated Omnibus Budget Reconciliation Act (COBRA)
    • Qualified Retirement Plan
  • Individual Insurance
    • Individual Health Insurance
    • Individual Dental Insurance
    • Individual Vision Insurance
    • Individual Life Insurance
      • Term Life Insurance
      • Universal Life Insurance
      • Whole Life Insurance
  • Commercial
    • General Liability
      • Pollution
      • Volunteer Coverage
    • Property
    • Professional Liability
    • Workers Compensation
    • Commercial Automobile
      • Garage Keepers
    • Commercial Umbrella
    • Crime
    • Management Liability
      • Directors & Officers Liability
      • Fiduciary Liability
      • Employment Practices Liability
      • ERISA Bond
    • Cyber Liability
    • Constrution Related Coverage
      • Inland Marine
      • Builders Risk
      • Bond
    • Travel Insurances
    • Sports / Travel Related Coverage
      • Amateur Sports / Health & Fitness
  • Auto . Home . Renters
    • Auto Insurance
    • Motorcycle Insurance
    • Homeowners’ Insurance
    • Dwelling Fire/Landlord
    • Renters
    • Condo Unit Owners
    • Builders Risk Insurance
    • Umbrella
    • Travel Insurance
    • Boat
    • Personal Articles Floater
    • Wedding/Special Event Coverage
  • Blog

Directors & Officers Liability

  • Travel Insurances
  • Commercial Automobile
  • Volunteer Coverage
  • Garage Keepers
  • Fiduciary Liability
  • Employment Practices Liability
  • Pollution
    • Pollution Liability Quote
  • Directors & Officers Liability
    • Directors & Officers Quote
  • ERISA Bond
  • Crime
    • Crime Coverage Quote
  • Cyber Liability
    • Cyber Liability Quote Form
  • Workers Compensation
    • Workers’ Compensation Quote
  • Commercial Umbrella
  • Inland Marine
  • Professional Liability
    • Professional Liability Quote
  • Builders Risk
    • Builders’ Risk Quote
  • Property
  • Bond
    • Bond Quote
  • Amateur Sports / Health & Fitness
  • General Liability
Home Commercial Directors & Officers Liability
CALL US
GET A QUOTE

Directors & Officers Liability

Commercial - Directors & Officers Liability

Directors and Officers Liability Insurance (often called D&O) is liability coverage payable to the directors and officers of a company or organization (such as a board of directors for an association). It covers certain damages, settlement costs, or advancement of defense costs if any insureds have legal action (criminal, civil, or administrative) brought against them. It could be for alleged negligence or wrongful acts in their capacity as directors and officers.

Such coverage can extend to defense costs arising out of criminal and regulatory investigations/trials, as well. In fact, typically, civil and criminal actions are brought against directors/officers at the same time. It has become closely associated with broader management liability insurance. That insurance covers liabilities of the corporation, as well as the personal liabilities for the directors and officers of the corporation.

It is important to understand that each Directors & Officers policy varies in scope depending on the business or organization. For example, executives and a board of directors for a corporation would have different exposures than a group of board members of a community association. Because of that, different clauses or “sides” are used for this kind of policy.

The Sides

 

Insuring Clause 1 (Side-A) provides coverage to directors and officers when indemnified personally as individuals, typically as a result of state law or financial capability of the corporation. Please note that it may not cover situations, in which the corporation simply refuses to pay the legal defense/loss of a director or officer, or if a bankruptcy court issues an order preventing indemnification by the corporation/insurance carrier for such situations.

Insuring Clause 2 (Side-B) provides coverage directly for the corporation or organization, when it indemnifies the directors and officers (corporate reimbursement).

Insuring Clause 3 (Side-C) provides coverage to the corporation for securities claims brought against it. “Securities claims-only” coverage applies to publicly traded companies and large private companies; small private companies may be able to obtain broader “entity” coverage.

FAQ'S

What is Directors and Officers Liability Insurance?

D&O Liability is an indemnification (reimbursement) for losses or advancement of defense costs in the event an insured suffers such a loss as a result of a legal action brought for alleged wrongful acts in their capacity as directors and officers.

How can I obtain D&O coverage for my organization?

The documents required are carrier specific applications, financial records of the organization, a list of your directors and officers as well as copies of your Articles of Incorporation.

What is the cost of D&O coverage?

The premium cost is dependent upon your financial strength of the organization, your type of industry and your claim loss history.

What are the benefits?

D&O Liability protects the organization’s directors and officers from becoming personally liable for activities related to their business decisions.

How much coverage do I need?

The limit of the coverage depends on the business exposure and the history of litigation in the industry. It is generally a decision made by the board of directors to determine a comfortable level of protection.

What do I need to implement coverage?

A carrier approved quote, financial records, and a premium check. Some carriers may require additional documentation.

CALL 703.961.8886
GET A QUOTE

Click on the coverage to learn more.

General Liability

Pollution

Volunteer Coverage

Property

Professional Liability

Workers Compensation

Commercial Auto

Garage Keepers

Commercial Umbrella

Directors & Officers Liability

Fiduciary Liability

Employment Practice Liability

ERISA Bond

Crime

Cyber Liability

Inland Marine

Builders' Risk

Bond

Amateurs Sports / Health & Fitness

Carriers

chubb
cna
progressive
the hartford
usli
aic
nationwide
philadelphia insurance companies
travelers
asi
berkshire hathaway
aig
national general
the hanover
tapco
selective insurance logo

CONTACT US

Address

4433 Brookfield Corporate Drive, Suite A, Chantilly, VA 20151

Phone Number

Phone: 703.961.8886
Fax: 703.961.8887

Email Address

info@questinsurance.us

Connect With Us

  • Facebook
  • LinkedIn
  • YouTube
Statements on this web site as to policies and coverages provide general information only. This information is not an offer to sell insurance. Insurance coverage cannot be bound or changed via submission of any online form/application provided on this site or otherwise, e-mail, voice mail, or facsimile. No binder, insurance policy, change, addition, and/or deletion to Insurance coverage go into effect unless and until confirmed directly by a licensed agent. Any proposal of insurance we may present to you will be based upon the information you provide to us via this online form/application and/or in other communications with us. Please contact our office at 703-961-8886 to discuss specific coverage details and your insurance needs.All coverages are available in the state provided on the proposal. No other state will be covered unless shown. Information provided on this site does not constitute professional advice; if you have legal, tax or financial planning questions, you should contact an appropriate professional. Any hypertext links to other sites are provided as a convenience only; we have no control over those sites and do not endorse or guarantee any information provided by those sites.
  • About
  • Group Benefits
    • Group Medical
    • Group Dental
    • Group Vision
    • Short-Term Disability (STD)
    • Life Insurance / Accidental Death and Dismemberment (AD&D)
    • Long-Term Disability (LTD)
    • Long-Term Care (LTC)
    • Employee Assistance Program (EAP)
    • Travel Insurance
    • Pet Insurance
    • Section 125 Cafeteria Plan
    • Legal Services
    • Consolidated Omnibus Budget Reconciliation Act (COBRA)
    • Qualified Retirement Plan
  • Individual Insurance
    • Individual Health Insurance
    • Individual Dental Insurance
    • Individual Vision Insurance
    • Individual Life Insurance
      • Term Life Insurance
      • Universal Life Insurance
      • Whole Life Insurance
  • Commercial
    • General Liability
      • Pollution
      • Volunteer Coverage
    • Property
    • Professional Liability
    • Workers Compensation
    • Commercial Automobile
      • Garage Keepers
    • Commercial Umbrella
    • Crime
    • Management Liability
      • Directors & Officers Liability
      • Fiduciary Liability
      • Employment Practices Liability
      • ERISA Bond
    • Cyber Liability
    • Constrution Related Coverage
      • Inland Marine
      • Builders Risk
      • Bond
    • Travel Insurances
    • Sports / Travel Related Coverage
      • Amateur Sports / Health & Fitness
  • Auto . Home . Renters
    • Auto Insurance
    • Motorcycle Insurance
    • Homeowners’ Insurance
    • Dwelling Fire/Landlord
    • Renters
    • Condo Unit Owners
    • Builders Risk Insurance
    • Umbrella
    • Travel Insurance
    • Boat
    • Personal Articles Floater
    • Wedding/Special Event Coverage
  • Blog
Quest Insurance