Management and board decisions can lead to allegations against the people who make them. Explore Directors & Officers liability insurance for private businesses, nonprofits and other eligible organizations in Broward County.
D&O insurance may help respond to claims alleging a wrongful act in the management of an organization, including covered defense costs and other covered amounts. Protection depends on the insureds, claim, policy form, limits, retentions, exclusions and conditions.
Depending on the policy definition, coverage may extend to current, former or future directors and officers and other organization leaders acting in an insured capacity.
Review how the policy defines insured persons and the capacities in which they are covered.
Some policy forms offer coverage for the organization itself for specified claims. Scope can vary by company type, claim type and policy wording.
Ask how the policy coordinates organizational coverage with protection for individual insured persons.
Covered defense expenses may be a key part of D&O protection. Ask whether defense costs reduce the available limit, what retention applies and when insurer consent is required.
Review reporting, cooperation and settlement terms before a claim arises.
Exposure and underwriting differ by organization. The right policy is shaped by governance, financial condition, operations, ownership structure and the decisions leaders are responsible for making.
Discuss ownership, investors, debt, contracts, growth plans, acquisitions and the organization’s financial information with the insurer.
Review board composition, fundraising, grant activity, volunteer leadership, bylaws and whether separate employment practices or fiduciary coverage is needed.
The insurer evaluates each organization's governance, financial condition, operations and leadership structure when determining eligibility and policy terms.
Eligibility and available forms vary. This page does not determine whether a particular organization or individual qualifies for coverage.
Claims-made reporting and continuity terms are especially important. Notify the insurer or agent promptly when circumstances may trigger a reporting obligation and follow the policy instructions.
Provide complete and accurate application information. The insurer evaluates eligibility and determines its terms.
These policies address different risks. Do not assume one policy automatically fills gaps in another.
Ask separately about claims arising from employment practices and which people or employment-related allegations, if any, are covered.
Review separate protection for alleged errors in administering employee benefit plans or carrying out fiduciary responsibilities.
Professional services claims and cyber incidents are typically addressed through distinct coverage discussions. Ask how the policies interact and where exclusions may apply.
Organizations in Fort Lauderdale, Hollywood, Pembroke Pines, Coral Springs and throughout Broward County can request a review of their current management liability program. We can help organize your questions and compare available options for review.
D&O policies may respond to certain claims alleging wrongful acts in the management of an organization. The policy controls which claims, insured persons, defense costs and other amounts are covered, and exclusions and conditions apply.
Do not assume it does. Employment practices liability insurance is a distinct coverage. Ask whether it is included, endorsed or offered separately, and compare who and what it covers with the D&O policy.
Nonprofit organizations can ask about D&O coverage for board and leadership roles. Availability and terms depend on underwriting and the organization’s details. Review any association, grant, governance or contractual requirements with qualified advisors.
Claims-made policies generally rely on the policy’s definitions and timing rules for when a claim is first made and reported. Retroactive dates, continuity, prior knowledge, reporting deadlines and extended reporting options can matter. Read the policy and ask the insurer or agent how those terms apply.
It depends on the policy. Ask whether covered defense costs are inside or outside the limits, what retention applies, and whether the insurer’s consent is needed before incurring costs or settling a matter.
Insurers commonly ask about the organization, governance, finances, operations, current coverage and prior claims or known circumstances. The application should be complete and accurate; an insurer determines eligibility and terms.
Send a request through our quote page or call 800-310-2743.
Tell us about your organization, leadership structure and current coverage. We’ll help you compare available management liability options.
Direct Insurance Network is an insurance agency. This page provides general information, not legal advice, an offer of coverage, a binder or a guarantee. Coverage is subject to insurer underwriting, policy language, limits, retentions, conditions and exclusions. Review your issued policy and consult your legal or insurance professional with questions.
For independent consumer information, visit the Florida Department of Financial Services Division of Consumer Services.