Who typically needs this
- Companies with a board or outside investors
- Growing private companies and nonprofits, depending on structure
Business
Directors & Officers (D&O)
Directors and officers insurance can help with claims alleging wrongful acts in managing a company. Coverivo helps privately held businesses understand when D&O may be relevant.
Common coverages
- Side A, B, and C protections depending on the form
- Defense costs for covered management liability claims
Things to consider
- Entity coverage, insured vs. insured, and bankruptcy provisions should be reviewed
- D&O is not a substitute for general liability or E&O
Questions people ask
Do small private companies need D&O?
It depends on ownership, financing, and leadership exposure. A Coverivo advisor can help you evaluate whether it should be discussed.
Coverivo is an independent insurance broker, not an insurance carrier. Coverivo is staffed by licensed insurance professionals who help you evaluate and request coverage from applicable markets. We do not underwrite or issue insurance policies. Insurance products and availability vary by state and insurance company. Coverage is subject to underwriting, eligibility requirements, policy terms, exclusions, and carrier approval.