Directors and Officers Coverage
The Directors’ and Officers’ Liability Insurance policy is designed to provide protection for your association and individuals against claims for “wrongful acts” allegedly committed while performing their duties. The policy can pay for loss, which associations or individuals become legally obligated to pay, as a result of error, omission, neglect or breach of duty in serving the association. These costs include attorneys’ fees for defense, even if the suit is settled out of court.
Benefits can include:
- Deductibles starting at any level
- Unlimited Defense Costs (outside policy limits)
- Full Prior Acts coverage
- Peer Review/Credentialing coverage
- Reimbursement for attending hearings/trials
- Third Party Coverage
- Fiduciary Coverage
- “A” Rated Carriers