"Im thankful we had insurance that put us in a position for the future. Had we not had that, we would have not have survived the flood. That’s the truth. We might not have had the type of coverages we did had it not been for Spiris, who developed and proposed those coverages."
Testimonials
Julian Robinson
Administrator, Munster Med-In
Muncie, Indiana
Amy Mace
CFO for Cummins Behavioral Health Systems
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"Our organization has worked with SPIRIS for over 15 years. They provide superior customer service for all of our insurance needs."
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.