A Quick Look at D&O
Directors and officers (D&O) liability insurance protects the company, management, and related parties from financial loss arising from a wide range of management and board activities. With $25 million written premium and more than 3,000 clients, IOA has the knowledge and breadth to meet clients’ D&O needs.
IOA finds tailored solutions for directors and officers liability insurance, such as:
• Worldwide coverage – Provides protection wherever you operate
• $1 million separate defense limit – Makes sure other claims costs don’t eat up money needed for legal fees
• Employed lawyers coverage extension – Adds protection for general counsel and other staff attorneys, who might otherwise not be considered insureds
• No hammer clause – Prevents penalty against insured for choosing to litigate instead of settle a claim
• Separate (instead of shared) limits – When packaged with other management liability coverage, this protects D&O limits from erosion if a companion policy, such as EPLI, requires a large payout
• Excess layers for larger/unique risks – Adds coverage from another carrier if full risk exceeds limits available from primary insurer
• Derivative-demand investigation coverage
– Helps offset the expense of shareholder derivative claims investigations
IOA has a deep bench of carrier partners and can craft insurance solutions for hard- to-place and high-loss-potential D&O risks.
Additionally, our dedicated practice group can serve clients across all their management liability insurance needs.
Typical D&O Claims Include:
- Shareholder disputes
- Price fixing/price gouging
- Whistleblower allegations
- Unfair business/trade practices
- Breach of fiduciary duty/negligence of duties
- Misrepresentation