Directors & Officers (D&O) Insurance-Protect Your Leaders and Organization

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What Is Directors & Officers Liability Insurance?

Directors & Officers (D&O) insurance shields the personal assets of company directors, officers, and board members if they're sued over decisions made in their roles. D&O covers claims of mismanagement, breach of fiduciary duty, negligence, or other "wrongful acts" in running a business or nonprofit. Without this coverage, leaders could face costly lawsuits-and even risk their own savings or property.

Who Needs D&O Insurance? It's Not Just for Big Corporations

Small businesses with a board of directors

Startups with investors or outside advisors

Nonprofits and associations with volunteer boards

Homeowners or condo associations

Even in smaller organizations, stakeholders, employees, donors, or competitors can sue board members personally for decisions that impact them. D&O insurance is a must for any group where leaders make strategic or financial decisions.

Real-World D&O Coverage Scenarios

  • A nonprofit board is sued by a donor who claims funds were mismanaged.

  • A startup's officers are sued by investors alleging misleading statements or poor oversight.

  • A condo association board faces claims from a resident over a financial policy or assessment.

  • Employment practices claims, such as wrongful termination or discrimination by management, may be included (ask us about EPLI if you need it).

D&O pays for legal defense, settlements, and judgments from these and other management-level claims.

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Policy Details-Affordable, Right-Sized Protection

D&O policies are tailored for your organization-private companies, nonprofits, and associations all have unique needs. Coverage can be surprisingly affordable, especially for small nonprofits or private businesses. Shaver Insurance will right-size your policy, so you get protection that fits your risk and budget.

Why It Matters-Safeguard Your People and Mission

  • Protect board members and officers from personal financial loss
  • Attract and retain quality leadership
  • Demonstrate good governance to stakeholders and donors
  • Guard your organization's reputation and ability to serve

Lead With Confidence-Get a D&O Quote Today

If you have a board or make big decisions, D&O coverage is crucial peace of mind. Let's review your exposure and get your leaders protected-so you can focus on your mission, not legal threats.