Directors and Officers Liability provides coverage for claims of alleged errors in judgment, breach of duty and wrongful acts against directors and officers of an insurance company.
Benefits of Insuring
Provides defense, settlement, investigation costs associated with litigation against an individual acting in the capacity of a Director or Officer
Pays on behalf of Directors and Officers for damages and expenses that they become legally obligated to pay
Protection of Insurance Company assets in the event the Company is vicariously liable for the actions of its directors and officers
Attracts and retains high quality Directors and Officers
Coverage Features of the Directors and Officers Policy
Coverage is broadened to fit Mutual Insurance Company operations
Entity coverage
Duty to Defend
Pays on behalf of the organization's contractual obligation to indemnify directors and officers that serve on their board
Broad Definition of Claim
Prior Acts coverage available (subject to underwriting)
Coverage for Outside Directorships
Punitive Damages Coverage where permitted by law
Coverage for employees completing financial reports
