Who needs Directors & Officers (D&O)?
What's covered
Claims alleging directors or officers failed to meet their fiduciary duties to the company or stakeholders.
Allegations that leadership decisions were negligent and caused financial harm.
Claims of misleading or inaccurate statements made to investors or other stakeholders.
Legal costs to respond to investigations and actions brought by regulators.
Coverage that shields the personal finances of directors and officers from covered claims.
What's not covered
Examples by industry
A spa franchise's board is sued by investors over an expansion decision; D&O protects the directors' personal assets.
A restaurant group's investors allege leadership misrepresented finances; D&O covers the defense and any settlement.
A cleaning company's board faces a mismanagement claim from a part-owner; D&O pays the legal defense.
A consulting firm's partners are sued by a shareholder over a major decision; D&O protects their personal finances.
A retail chain's directors are sued by investors after a failed rollout; D&O covers the leadership-decision claim.
A logistics company's board is named in a suit over a strategic acquisition; D&O handles the defense.
A startup's founders are sued by investors over projections in a funding round; D&O covers defense and settlement.
A growing contractor's board faces a mismanagement claim from an investor; D&O protects the directors.
A media agency's leadership is sued by a stakeholder over a controversial decision; D&O covers the claim.
A brokerage's board is sued by investors over a fund decision; D&O protects their personal assets.
Part of the Knack guide
Learn Directors & Officers (D&O) alongside every other coverage in our full guide.
Open in the full guideRelated coverages
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