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  • Writer's pictureNate Jones, CPCU, ARM, CLCS, AU

What does Directors & Officers Liability Insurance Cover?

Directors & Officers Insurance or other known as D&O Insurance or Directors & Officers Liability Insurance is a must for any company or non-for-profit that has a board of directors and officers. This Insurance Coverage protects the personal assets of corporate directors and officers, and their spouses, if they are personally sued by employees, investors, competitors, suppliers, or other parties, for the actual or alleged wrongful acts with managing a company. It also protects the company as well.

Directors and Officers Insurance often acts as the financial backing for the hold harmless indemnification agreement that directors and officers look for that holds them harmless for losses the companies incurs during their role with the company.

Why would someone sue a Director or Officer?

  • Fraud

  • Failure to comply with workplace laws

  • Lack of Corporate Governance

  • Misuse of Corporate Funds

  • Misrepresentation of Company Assets

  • Theft of Intellectual Property

  • Breach of Fiduciary Duty

Does my business need D & O Insurance?

  • Any type of business with a corporate board or advisory committee would have a Directors and Officers Liability risk.

Feel free to use Wexford Insurance as a resource for your Directors and Officers Liability Insurance needs. If we cannot help you, we will point you in the direction of someone who can.


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