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In today’s business environment with higher standards and legal responsibilities, Directors and Officers face greater risks than ever.

A Directors and Officers Liability policy specifically provides coverage for wrongful acts such as an actual or alleged error, omission, misleading statement, neglect or breach of duty committed in the course of acting as an officer or director of an organization.

In addition to the customary provisions of D&O insurance, there are additional forms of coverage that can be added to create adequate protection for the unique risks your directors and officers face. These may include:

  • Entity coverage;
  • Payment priority for insured individuals;
  • Severability of the insured as well as severability of the application;
  • Coverage over time, meaning coverage responds to past, present and future directors and officers;
  • Pay on behalf clause; and
  • Duty to defend clause.

Whether you’re a nonprofit, privately held or a public company, it is likely that your business can benefit from a D&O policy. Since there is no such thing as a “standard” policy, a professional broker is invaluable when you go to purchase D&O coverage. At Cornerstone Insurance Brokers Ltd, we make it our priority to understand your organization and assist you with customizing policy language to meet your unique needs.