Directors and Officers Liability
Coverage is available to directors and officers (D&O) of privately-and-publicly-held companies, nonprofits and associations. In general, D&O insurance covers your leadership for errors, negligence, and failures to comply with regulations regarding company finances or operations. It typically covers legal fees, settlements and some damages. Some policies will also help pay for investigative costs.
There are several types of policies, each responding to a different need:
- Side A Coverage: insures individual directors and officers to protect their personal assets
- Side B Coverage: reimburses the company for costs incurred when the company indemnifies directors and officers in a claim
- Side C Coverage: protects the company itself when it is named as a defendant in a claim
Start a conversation with a HAWK Commercial Adviser to discuss coverage options best suited for your operations and risk tolerance.