Skip to main content

Directors and officers liability insurance coverage for bad business decisions.

Directors and Officers Liability Insurance - Group of Business Directors and Colleagues Having a Work Discussion over Laptops While Standing in Front of Pane Glass Windows Indoors

Home » Business Insurance » Directors and Officers Liability Insurance

Safeguard your senior leadership with directors and officers liability insurance.

Protection from bad business decisions.

Directors and senior officers in a business are paid to make big decisions, but if those decisions are wrong, things can get very costly. Directors and officers liability insurance, or D&O, helps to cover the costs of settling claims for damages that result from poor decisions. D&O policies typically cover costs relating to wrongful decisions, but not those decisions that are classed as criminal acts or that are designed to personally benefit the director, such as fraud and embezzlement.

What is covered by D&O liability insurance?

Examples of events covered by directors and officers liability insurance may include mistakes or missing information in company accounts or other financial documents or failing to properly enforce human resources policies. Depending on the location that the business is based in—specifically, its rules on director indemnification—the policy may cover damages and costs paid by the individual or by the business.

  What kind of D&O insurance policy do you need?

There are different types of D&O policies that offer coverage for just managers, as well as the company as a whole. The type of business you run may determine what type of coverage you need.

  How much does D&O insurance cost?

The cost of your D&O policy may vary depending on the size of your business, the industry you are in, business finances, revenue, and history of claims related to D&O.

  How does D&O protect your business and senior leadership?

Coverage may include costs of legal fees, settlements, and losses when actions such as failure of regulation compliance, breaches of financial duty, errors in reporting, and more.

Important D&O policy options to consider.

It’s important to check the details of your directors and officers liability insurance policy carefully, as the coverage period may detail when the claim against the person is made, not when the failure or mistake happened. You may also want to consider the type of policy, whether or not you want to have your business’ own legal team with an indemnity policy, or if you want to have defense costs covered with a duty to defend policy.

If you’re looking to protect your business from potentially wrongful decisions made by directors and officers, then a directors and officers liability insurance policy may work for you. Contact us to go over your business needs, the risks you face, and your various coverage options.

Find Your Coverage

We’re here to help you explore your coverage options.

Request Quote

Contact Goodrich & Watson

Our Newport News, VA Office

11837 Rock Landing Drive
Suite 102
Newport News, VA 23606

Email Us
 757-591-2033 fax

Let’s Get Started

  1. Step 1Fill out the form.
  2. Step 2Review your options with us.
  3. Step 3Get the coverage you need.

Directors and Officers Liability Insurance Quote Request

"*" indicates required fields

Please do not include sensitive, private information in this area.
 Your Information Is Safe With Us!

By clicking 'Submit', you agree to Goodrich & Watson Insurers' Terms of Use and Privacy Policy. You consent to receive phone calls and SMS messages from Goodrich & Watson Insurers to provide updates and information regarding your business with Goodrich & Watson Insurers. Message frequency may vary. Message & data rates may apply. Reply STOP to opt-out of further messaging. Reply HELP for more information. See our Privacy Policy.

This field is for validation purposes and should be left unchanged.

Don’t like forms? Contact us at 757-591-2032 or email us.