Why get directors and officers liability insurance?
Individuals serving on boards of public, private or non-profit organizations can be personally pursued for the actions of the companies they serve.
Directors & Officers Liability Insurance explained
Directors and Officers (D&O) Liability Insurance is a type of business insurance that protects company directors, officers, and senior executives from personal liability arising from decisions and actions they make while managing a business.
Who it protects: Current, past, and future directors and officers, and in some cases, senior managers and employees acting in a leadership capacity.
What does it cover?
- What it covers: Personal assets of directors/officers if they are sued for alleged wrongful acts while managing the company.
- Typical claims include:
- Breach of fiduciary duty
- Misrepresentation or negligence
- Employment practices claims (e.g., discrimination, wrongful dismissal)
- Failure to comply with laws or regulations
- Mismanagement of company funds or assets
Who brings claims: Shareholders, employees, regulators, competitors, creditors, or customers.
Why Choose CIB?
- Access to Multiple Carriers
CIB is not tied to a single insurer – we can shop across a wide range to find policies that fit your specific needs and budget.
- Tailored, Personalized Coverage
Rather than cookie-cutter policies, CIB takes time to understand your situation—whether that’s for your home, business, or auto—so coverage aligns precisely with your needs.
- Advocacy and Claims Support
If you need to file a claim or resolve a dispute, CIB acts as your advocate and guide you through the process.
- Expert Advice and Guidance
Our skilled and experienced team explains complex policy language in plain English and help you navigate coverage options with confidence.
- Ongoing Service and Long-Term Support
This includes regular policy reviews, updates as your needs change, and responsiveness when you need help—rather than a one-time sale.