D&O insurance helps protect organizations and their key decision-makers.
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
Policyholder benefits that work
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.
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.