D&O Insurance
Protect your management staff with a D&O insurance policy from The Alliance Group of Western NY.
The success of an organization boils down to the talent and expertise of its directors and senior officers. While a talented workforce is essential, without the proper guidance all that talent is wasted. In the eyes of the public, and more importantly in the eyes of investors and shareholders, it is the directors and officers that bear the ultimate responsibility for success or failure.
Directors & officers liability insurance is a type of professional liability coverage designed to protect of the directors and officers of your business if they are faced with a lawsuit relating to their performance on the job. D&O insurance can be considered a managerial errors and omissions policy. Although it is similar to errors & omissions insurance, D & O is concerned with the performance and duties of management, not the products and services of the company.
A D&O insurance policy often includes employment practices liability and fiduciary liability. Employment practices liability protects employers in cases and claims made by an employee or former employee. This type of coverage generally deals with discrimination and harassment suits. Fiduciary liability includes claims against a business when a monetary discrepancy or mishandling occurs. In these cases, the directors and officers of a company are often held accountable.
At The Alliance Group of Western NY, our agents understand the concerns of corporate entities and their shareholders. Consequently, our D&O insurance policies can be tailored to can protect your business’s management staff from liabilities involved with the following:
- Investment Management
- Proprietary Information
- Hiring & Firing Decisions
- Sexual Harassment
- Conflicts of Interest
- Employee Benefit Plans
- And more…
If you have an assembled board of directors, directors and officers insurance is necessary for your business. Contact The Alliance Group of Western NY for a free business evaluation and receive a D&O insurance quote today.