"Our organization has worked with SPIRIS for over 15 years. They provide superior customer service for all of our insurance needs."
Testimonials
Amy Mace
CFO for Cummins Behavioral Health Systems
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Robert Springer
Chief Financial Officer, Home Bound Healthcare
Flossmoor, Illinois
"We got a cold call. We set up an appointment with Dave Hutchison and were expecting a phone call, when he showed up in our office. We felt that really showed he was interested in us. He knew the healthcare industry, and the rates were much more affordable than what we had been paying."
Directors and Officers Liability Insurance quotes
At its most basic, a D&O policy protects directors and officers from liability arising from actions connected to their corporate positions.
Such actions include:
- Actual or alleged error
- Misstatement
- Omission
- Breach of duty
Some policies offer the same coverage to employees. Additional coverage is increasingly common. For example, many Directors and Officers are adding Employment Practices Liability to protect against employment-related claims, such as sexual harassment, age discrimination, or failure to promote.
Although D&O policies are recommended for most organizations, whether they are privately-held, publicly-traded, or non-profit, declining stock prices in recent years highlighted the need for this coverage. With more aggrieved shareholders filing suit against companies for perceived securities fraud when stock prices drop, it’s not surprising that some 95% of Fortune 500 firms carry Directors and Officers Insurance.