The Directors & Officers liability policy (also referred to as management liability) is available to non-profit organizations, private companies, publicly traded firms and educational institutions.
The policy is intended to protect directors and officers against allegations of wrongful conduct, errors and/or omissions committed while carrying out their functions as an executive for the company.
The policy will directly indemnify a director and officer for a covered loss when the company is not legally permitted to do so (Side A Coverage).
In instances where an organization can indemnify its directors and officers, the insurance company would make payments to the company (Side B coverage).
Some policies will also offer “Entity” (Side C Coverage) and/or reimbursement of expenses incurred due to a regulatory investigation or proceedings.
This product is available to non-profit organizations, private companies, public traded firms and educational institutions.
For more information, please either email or call Laura Szatkowski at 860-563-6510.