Directors and Officers Insurance for Orange County

No matter how large or small your company is, you risk the chance of being targeted with litigation arising from management decisions. The cost of legal fees and penalties incurred can be substantial. To help ensure both your officers’ and the company’s well-being, a Directors’ and Officers’ Liability Insurance (D&O) policy is part of a comprehensive risk financing strategy.

Unlike a Commercial General Liability Insurance (CGL) policy that provides coverage for claims arising from property damage and bodily injury, a Directors’ and Officers’ Liability policy specifically provides coverage for a “wrongful act,” such as a misleading statement, negligent act, an actual or alleged error, omission, or breach of duty.

A D&O policy provides defense costs and indemnity coverage, which may include:

  • Coverage for individual directors and officers
  • Reimbursement to the business for a contractual obligation to indemnity directors and officers who serve on the board
  • Protection for the company

Indemnification provisions are typically included in the organization's bylaws, however smaller companies often do not have the financial resources to fund the indemnity provisions. A D&O policy can provide financial security.

There are a variety of D&O coverages. Corporate reimbursement coverage indemnifies directors and officers of the organization. Side-A coverage provides personal liability when directors and officers are not indemnified by the firm. Entity coverage, for claims made specifically against the company, is also available. D&O policies may be broadened to include coverage for employment practices liability.

Local Experts You Can Trust

Our goal is to guide you through the coverages that are appropriate for your business. We have over 35 years experience and can review your policies to determine if all your risks are covered. We have relationships with all the major insurance carriers, and will take the time to explain all the coverages that are the best fit for you and why. We will show you all quotes, help you compare them, and disclose the commission that each pays so that you can trust our recommendations.

Call Now for a FREE Policy Review: (949) 222-0444