What is Directors and Officers (D&O) Liability Insurance?

Directors and officers (D&O) liability insurance protects directors and officers in the event they are personally sued when managing a company or nonprofit organization. The insurance covers costs and damages (awards and settlements) that arise from wrongful action allegations and lawsuits brought against members of the board of directors or an officer of an organization. A D&O policy can help reimburse a business for the legal fees, settlements and other costs of defending directors against a lawsuit. A director or officer can be part of a lawsuit for a company even if they no longer are part of the executive team or no longer works for the organization.

It is important too that if you serve on an outside board (charity, community association, property association, etc.), that you ask them what D&O coverage is in place to protect you as a board member.  It is also important to contact your homeowners insurance agent as to understand if that policy affords you any D&O coverages.

For NOIT Information:

Some Other Information/Education:

NOTE:  You only need to complete an application if you want Stand Alone D&O coverage OR if you are requesting higher limits.