Directors and Officers Liability Insurance
Directors and Officers Liability Insurance (often called D&O) will cover your client against being sued for a vast number or reasons, regardless of actual or alleged. Examples include, but are not limited to, fraud, misuse of company funds, and breach of contract and/or fiduciary duty. Our D&O coverage is comprehensive and specifically geared towards Associations, as they are especially at risk for D&O claims with board members and officers.
QUOTE NOWEligible Classes
- Single Family Homeowner’s Association
- Residential Condominium Association
- Townhome Association
- Mobile Home/RV Community
Product Features
- Available in all 50 Orchid states
- 24-Hour turnaround for new business quotes
- Automatic Renewals provided on over 95% of policies
D&O Liability Policy Coverage
| Up to $5 million limit | ||||
| Claims-Made form | ||||
| Full Prior Acts Coverage, subject to policy terms and conditions | ||||
| Cyber Liability limits available | ||||
| Wage & Hour Defense of $100,000 is provided at no charge | ||||
| Homeowner’s Associations will receive First Dollar Defense and Unlimited Defense Costs outside the limits at no charge | ||||
| Softened Hammer Clause and mediation credits included in the policy |
Crime Policy Coverage Highlights
| Up to $5 million limit |
| Crime policies are written on discovery form |
| Multiple crime coverages tailored to community association needs including Employee Theft, Forgery or Alteration, Theft, Disappearance or Destruction, and Computer Fraud or Wire Transfer Communication Fraud |
| $50,000 in Social Engineering Fraud Coverage is being included at no charge. This endorsement protects associations who are misled through a communication to transfer funds from its own account as a result of fraud by a person who pretends to be a vendor, employee, property manager or employee |
