D&O Insurance

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When the responsibilities of an organization fall on the shoulders of only a few people, it is important to protect them with directors and officers insurance from Morgan Insurance Agency.

The success of a company or organization always boils down to the talent and expertise of its directors and senior officers. Though a talented workforce is essential, without the proper guidance all that talent will be for naught. In the eyes of the public, and more importantly in the eyes of investors and shareholders, it is the directors and officers who bear the ultimate responsibility for success or failure.

D&O insurance is another type of professional liability insurance that is specifically designed for the protection of the directors and officers of your business. In other words, it is a managerial errors and omissions policy. Although it is similar to errors and omissions insurance, D & O is not directly concerned with the products and services. D & O on the other hand, is concerned with the performances and duties of management.

Morgan Insurance Agency understands the concerns of corporate entities and their shareholders. Consequently, our directors and officers insurance can be tailored to address a number of concerns, among them:

• Wrongful Acts
• Lawsuit Damages
• Legal Fees

D&O insurance often includes fiduciary liability and employment practices liability insurance. 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.

Contact us to discuss the details of our directors and officers insurance coverage.