North Carolina Directors & Officers Insurance

Directors and OfficersDirectors & officers liability insurance, or "D&O," provides coverage for the directors and officers of a business if they are sued in conjunction with their performance of their duties as they relate to the company. You’ll need directors & officers insurance as soon as you assemble a board of directors as few would knowingly agree to sit on a board for a company or nonprofit without this protection.

Directors & officers insurance is necessary because:

  • Claims from stockholders, employees, and clients can be made against the company and against the directors of the company. Since a director can be held personally responsible for acts of the company, most directors and officers will demand to be protected rather than have their personal assets at stake.
  • Investors and members of your board of directors will not be willing to risk their personal assets to serve as a corporate director or officer, no matter how heartfelt their belief in your company.

Be careful not to confuse directors & officers insurance with errors & omissions Liability. Errors & omissions is concerned with performance failures and negligence with respect to your advice, products and services, not the performance and duties of management.

Don’t leave your directors and officers out there hanging from the flagpole, twisting in the wind – call us today and put our professional and experienced agents to work for you to plug this coverage hole. Our agents will take as much time as you need to help you understand the risks and exactly how this kind of policy can protect your officers and directors. If you already have this protection and are seeking a lower rate, then you will be excited to find that one quick phone call to Clinard Insurance could save you up to 27% on this important and not well understood insurance policy.