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Directors & Officers (D&O)

Directors and officers (D&O) liability insurance is insurance coverage intended to protect individuals from personal losses if they are sued as a result of serving as a director or an officer of a business or other type of organization.
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Empowering Leadership, Safeguarding Accountability

At Skyscraper Insurance, we recognize that strong leadership is the cornerstone of every successful organization. However, with leadership comes responsibility, and with responsibility comes risk. Our Directors & Officers (D&O) Insurance is specifically designed to protect the personal assets of company directors, officers, and key executives from claims that may arise due to their decisions and actions taken in their official capacities.

Why D&O Insurance is Crucial:

1. Comprehensive Leadership Protection: D&O Insurance shields individuals from personal financial loss if they are sued for actual or alleged wrongful acts in managing a company. This includes current, former, and future directors and officers.

2. Business Continuity Assurance: Legal challenges can significantly impact an organization’s operations. Our D&O coverage helps ensure that legal battles don’t disrupt business continuity by covering defense costs, settlements, and judgments.

3. Attracting Top Talent: High-caliber leaders seek organizations that provide robust protection. Offering D&O insurance enhances your company’s ability to attract and retain top executives and board members.

Key Coverage Highlights:

  • Wrongful Acts Coverage: Protects against claims related to breaches of fiduciary duty, mismanagement, errors, omissions, neglect, and misleading statements.
  • Legal Defense Costs: Covers legal fees, court costs, and settlement expenses associated with lawsuits, investigations, or regulatory actions.
  • Employment Practices Liability: Provides protection against claims from employees related to wrongful termination, discrimination, harassment, and other employment-related issues.
  • Securities Claims Protection: Shields against allegations of securities law violations, often faced by publicly traded companies.
  • Regulatory Investigation Coverage: Offers protection against the costs associated with regulatory or governmental investigations into the actions of directors and officers.
  • Side A, B, and C Coverage: Ensures comprehensive protection for individuals (Side A), reimbursement to the company for indemnified claims (Side B), and coverage for the company when it is named in a lawsuit alongside its directors and officers (Side C).

Who Needs D&O Insurance?

  • Public Companies: Facing heightened regulatory scrutiny and shareholder expectations.
  • Private Companies: Subject to lawsuits from investors, employees, competitors, and vendors.
  • Non-Profit Organizations: Vulnerable to claims from donors, members, volunteers, and regulatory bodies.

Benefits of Choosing Skyscraper Insurance:

  • Tailored Coverage Solutions: Customized policies that address the specific risks of your industry and organizational structure.
  • Expert Risk Management Support: Guidance from our experienced risk management team to help mitigate potential liabilities.
  • Global Reach, Local Expertise: Comprehensive protection whether your operations are domestic or international.

Protect Your Leadership Today

Leadership decisions shape the future of your organization. Ensure that your executives can lead with confidence, knowing they are protected by a robust D&O Insurance policy from Skyscraper Insurance.

Contact us today to learn more about how we can help secure your leadership team against unforeseen legal challenges. #WeShareYourVisionForABetterTomorrow

Directors and officers liability insurance is paid to directors and officers of a company, or to the organization(s) itself, for losses or reimbursement of defense costs if a legal action is brought against them. Such coverage can also extend to criminal and regulatory investigations/trials defense costs. Civil and criminal actions are often brought against directors and officers simultaneously. D&O insurance has become closely associated with broader management liability insurance, which covers liabilities of the corporation itself as well as the personal liabilities for the directors and officers of the corporation.
D&O policies can take different forms, depending on the nature of the organization and the risks it faces, so it’s best to seek out an insurance company with deep experience in this specialized field. The policies are generally purchased by the organization to cover a group of individuals rather than by the individuals themselves.
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