Management Liability (D&O)

Headers Final Management


What is Management Liability (Directors & Officers) Insurance?

Director's and Officer's Insurance (D&O) is a coverage designed to protect the decisions made by an organizations management. This management can be the Board of Directors, managers, or Officers that are named. This kind of policy covers defense costs for investigations of criminal acts or regulations. Claims can arise from all kinds of acts, both intentional and accidental. These kinds of risks tend to have very big consequences, so the costs for defense can be huge.

Why have Management Liability (Directors & Officers) Insurance?

D&O insurance is often purchased by the company itself to insure its management. This kind of coverage can be applied to most organizations. For-Profit, Non-Profit, Public and Privately owned organizations can purchase a D&O policy. Each of these have their own unique risks. A D&O policy differs from a Professional Liability policy in that it does not necessarily protect the insured's services; it protects its management. For example, a publicly traded company has just gone bankrupt and the stock is worthless. The company's directors fired the CEO, but now have to face the rest of its shareholders in court. This lawsuit has the potential to destroy this company, but because of its D&O policy, it can at least defend itself in court or reach a settlement to stay afloat.


The Apogee Advantage

Our Directors and Officers insurance is available through A++ rated, A.M. Best, admitted and non-admitted markets throughout all 50 U.S. states. We target not for profit, private and public company directors and officers.

Coverage May Include

Protect directors and officers from liability arising from actions committed as board members or officers of an organization.

  • A duty to defend policy including full prior acts
  • Unlimited extended reporting period for former directors and officers
  • Automatic outside directorship liability coverage for service on 501 (c) 3 boards
  • Duty to indemnify available
  • Standalone coverage for D&O and Employment Practice Liability (EPL) available
  • Policy can be written with D&O, Fiduciary, and Crime
  • Limits available up to $15 million (primary); higher limits available through excess
  • Choice of counsel
  • Deductibles starting at $0 for D&O and EPL
  • Defense outside the limit available

Apply Now

First time customers, learn about Apogee and fill out our form.

Send submissions to submissions@apogeeinsgroup.com

Submission Requirements:

  • Application
  • Loss runs, if available
  • Copy of current dec page, if available
  • Most recent financials (Pro-forma if startup)
  • List of all directors and officers
  • Ownership structure

Management D&O Applications:

 

Available Markets

USLI
Chubbins
Arch
Ace
One Beacon
PGUI
IronShore
Markel
Allied-World
Monitor
AIG
GreatAmerican
Hiscox
Euclid
HCC
Stateside
RSUI
BRP
Catlin
CNA
Berkley
Admiral
Beazley
Liberty

See Apogee ProductsThere is virtually no professional liability risk that we cannot place.