What Does Directors & Officers

Insurance cover in New Mexico, Utah and Texas?

Regardless of the size of the business, the legal cost to defend & protect a director is considerable, as well as the personal penalties. Due to the personal liability risk—which is not covered under a personal insurance policy—protecting your boardroom can be an exceptional challenge.

To help ensure both your officers’ and company’s full protection, a directors’ and officers’ liability insurance (D&O) policy is part of a comprehensive risk financing strategy.

Directors & officers (D&O) liability insurance will provide protection for your senior leaders and the companies they represent or serve if they are the subject of a claim or investigation from their work and duties at their company.

If a claim is declared, there are two sources of protection for your company – compensation from the company and, or coverage from the company's D&O policy.

For individuals, the policy provides personal asset protection if the company's compensation plan fails for any reason. For the company, a D&O policy provides balance sheet protection for the company’s indemnified, and for the company’s own liability.