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Business Insurance

Directors and Officers insurance

Shield your organization, directors, and officers from legal action due to alleged misconduct in their duties as a director or officer.

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D&O insurance helps protect organizations and their key decision-makers.

Shareholders, competitors, investors, and other parties may file a claim against a company’s directors and officers for various reasons. This means that the directors and officers of the company can be held personally liable for any losses or damages that result from their actions or inactions.

Directors and Officers (D&O) insurance shields the personal assets of company directors, officers, and their spouses from legal action taken by others (employees, vendors, customers, etc.) due to alleged misconduct in business operations.

Additionally, SECURA’s D&O insurance protects the organization, covering legal fees, settlements, and other costs.

Features of Directors and Officers insurance

Extended reporting period

If a policy is rewritten or canceled by you or us, you will not be left without coverage during this extended period.

Coordinated coverage

If other insurance policies would apply to a claim, our coverage will coordinate with the other policies relative to the payment of the claim.

Business insurance

SECURA works with many types of nonprofits

Safeguard your mission, your people, your volunteers, and your organization with the right D&O insurance solutions for organizations of all sizes.
About Nonprofit insurance

Policyholder benefits that work

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Risk management services

Our policyholders have unlimited access to a wealth of safety talks, safety programs, on-demand videos, and other loss prevention resources. Our risk management team provides on-site consultations to help identify safety improvements and provide customized loss prevention guidance.
January 31, 2023 03:56 AM
Learn about risk management
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Exceptional claims experience

Our dedicated claims team is empathetic and strives to listen and answer any questions to ensure a full understanding of our process. When you notify us of a loss, we’ll call you within eight business hours, follow up regularly, and work with you until your claim is resolved.
February 10, 2023 06:08 AM
Start a claim
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About SECURA

Independent local agents

SECURA works with licensed independent agents in your community who help you find the right insurance solutions for your company. As your company grows, our independent agent partners can help you understand how your company’s insurance needs may change.
February 23, 2023 09:49 AM
Why independent agents?

Commonly asked questions about directors and officers insurance

What is D&O insurance?

D&O insurance is short for Directors and Officers insurance. It safeguards the personal wealth of corporate directors and officers, plus their spouses, if there is a claim by any employee, vendor, rival, investor, patron, or others, for alleged or actual wrongful actions in running a business.

Should nonprofits have D&O insurance?

Nonprofits of all sizes need D&O insurance because the liability for directors and officers of small nonprofits is the same as for-profit corporations. Additionally, while many nonprofit boards have directors that bring a great passion for the cause, they may lack experience, making it harder for them to understand their duties of running an organization. Without understanding proper governance and decision-making, nonprofits face a higher risk of legal claims than for-profit businesses.

What does D&O insurance NOT cover?

A few examples of what is NOT covered under directors and officers insurance would be illegal activity and claims filed by D&Os against each other.
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Why SECURA?

Since 1900, we’ve been known for our genuine people and exceptional service. By working with an experienced insurance provider who understands the risks and needs of your businesses, you can ensure you have the right coverage to protect your investment and keep your business running smoothly. In partnership with our independent agents, we can provide a custom insurance policy perfect for your unique needs.

SECURA operates in 13 states with a variety of business insurance solutions, and we are proud to support the communities that have welcomed us for more than a century.
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Coverages may not be available in all states. Coverages described are subject to all the terms and conditions of the policy, including deductibles, exclusions, and limits of liability. Not all agents are authorized to write all types of insurance. Policies may be underwritten by SECURA Insurance Company or SECURA Supreme Insurance Company, affiliated companies referred to collectively as SECURA Insurance Companies. Please read the policy carefully. Any claim example is for educational and informational purposes only. The information in this document will not be used to determine the coverage of an actual claim presented. All claims are adjusted based on the relevant facts, conditions and coverages at the time of loss. For specific terms and conditions, please refer to your coverage form. Coverage is also subject to applicable deductibles and limits of coverage.

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