Auto, Home & Personal
Connor Insurance Agency is committed to providing you the best possible coverage with the resources available. We want to earn your business by reviewing your coverage and helping you receive more for less. When you call, you will receive the personal attention that you want. We’ll do our best to get you to the right person as quickly as possible.
Home > Insurance Services > Business Insurance > Directors and Officers Liability Insurance
Wrongful act allegations and lawsuits have become increasingly more common and frequently name members of boards of directors or officers. In some cases, directors and officers could be held personally liable for damages. When such a claim arises, Directors and Officers (D&O) liability insurance can help cover the cost of defending against the legal action and cover the cost of awards or settlements arising out of the lawsuit.
All organizations and the individuals who lead them are vulnerable to D&O exposures. Private companies, public companies, nonprofit organizations, and financial institutions can all benefit from D&O liability insurance. The types of claims that arise may include:
A D&O policy for a privately held company may contain several different types of coverage:
This covers directors, officers, and employees in some cases, when the company cannot indemnify them, for defense costs, judgments, and settlements.
When the company does indemnify officers, directors, and employees, this portion of the policy covers the company for their losses.
This is also known as “entity coverage.” It is designed to protect the corporation itself financially.
The cost of D&O insurance can depend on a variety of factors, including:
The best way to find out how much your D&O liability insurance will cost is to obtain quotes from several different insurers. Our agent at Connor Insurance Agency in Sherrills Ford, North Carolina, can help you evaluate the current market to identify a plan that provides the maximum D&O coverage for your money.
* indicates required fields
Conner Insurance has always helpful when I have questions or a need for documentation.
The team at Connor Insurance Agency are always so kind and truly care about their …
I like that you are a small insurance company that I can talk to someone …
I gladly recommend the Connor insurance agency for their outstanding customer service, knowledge and professionalism.
Listened to our needs, took the time to work with us, and got us exactly …