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Professional Liability

Directors and Officers Liability

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
  • No exclusion for punitive damages where permitted by law
  • Prior Acts coverage available (subject to underwriting)