Corporate Directors and Officers and Employment Practices Liability - Professional Liability

Offered by Osprey Underwriters

Directors & Officers D&O D & O Liability


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Private Companies Need Directors and Officers Liability:

  • Directors and Officers risk their personal assets; they are personally liable for their business decisions and can be sued as individuals
  • Fiduciaries of pension and benefit plans are personally liable for their decisions as well as for the actions of outside providers
  • Small companies cannot bear the financial impact of unexpected and costly directors and officers, employment practices or fiduciary liability litigation without insurance
  • Private companies face claims from their employees, customers, suppliers, competitors, lenders and shareholders

Coverage Features:

  • Matching directors and officers liability defense limit up to $1,000,000 (for firms with up to 200 employees)
  • Defense outside the limit for employment practices liability for up to 200 employees
  • Defense and settlement provision ("hammer clause")- 75/25
  • Individual director or officer payment protection ("order of payments")
  • Punitive damages, where insurable by law, included automatically (available in most jurisdictions)
  • Fiduciary liability coverage can be added to the directors and officers liability section up to $1,000,000
  • Fair Labor Standards Act (FLSA) - $100,000 sub-limit for defense costs and loss (available in most jurisdictions if employment practices liability is purchased)
  • Optional third party discrimination coverage
  • Unlimited extended reporting period for former directors and officers
  • Separate limits for directors and officers liability and employment practices liability
  • Automatic outside directorship liability coverage for service on 501(c)3 boards
  • Standalone directors and officers liability policy is available
  • Duty to defend and full prior acts coverage


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Carrier Information


Listing Contact

Osprey Underwriters

Offered By

Osprey Underwriters

20 listings in 50 states + DC

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Availability 50 states + DC

Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming


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