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Business coverage

Directors & Officers / Management Liability

Directors and officers (D&O) insurance protects the personal assets of your company's leaders when they're sued over business decisions — from a disgruntled investor to a regulator to a competitor. Investors, banks, and boards routinely require it as a condition of funding or serving, because without it a single lawsuit can reach a director's own home and savings.

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Who this coverage is for

Directors and officers insurance, often called D&O or management liability, is for companies whose leaders make decisions that affect employees, investors, and other stakeholders. It fits corporations, nonprofits, and growing businesses with a board or executive team.

What it can help protect

This coverage helps protect leaders and the organization when management decisions are challenged:

  • Management decisions — helps cover claims that leadership decisions caused financial harm.
  • Personal asset protection — helps shield directors' and officers' personal assets from covered claims.
  • Regulatory actions — helps respond to certain investigations and regulatory claims.
  • Shareholder and investor claims — helps with lawsuits from those with a financial stake.
  • Legal defense — helps cover attorney fees and settlements tied to covered claims.
Regularly misunderstood coverages
D&O vs. E&O

Leadership decisions vs. professional services.

Related comparisons:

Key choices and underwriting factors

A licensed review will usually focus on ownership and governance structure, investor/board mix and growth stage, and whether EPLI, fiduciary, or crime should be coordinated.

Common Questions