Protect the directors, officers and senior leadership of your organization from risk. Be prepared with Directors & Officers (D&O) Liability Insurance. Give us a call at (844) 501-1359.

For over fifty years, McSweeney & Ricci has protected businesses from lawsuits for breach of fiduciary duty, with customized directors and officers liability insurance.

If your business has employees, competitors, vendors, investors, or clients, your organization and its executives are vulnerable to costly lawsuits. Senior leadership, directors and officers can all be held personally responsible and sued for their actions (alleged or actual), while serving on the board of a corporation. 

Whether your business is a public entity run by a board of directors, a private corporation owned by close associates or family members, a financial institution or a non-profit, Directors and Officers Insurance in Massachusetts should be an important component of your risk management program. Securing D&O insurance allows you to attract and retain qualified executives and board members, as it allows them to perform their duties without fear of personal financial loss.

For more information on Directors & Officers Liability Insurance for your business contact us at (844) 501-1359. 

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    What Does Directors & Officers Insurance Cover?

    Directors and Officers Liability Insurance

    The coverage provided by directors & officers liability insurance differs among carriers and can be complicated to understand. A member of McSweeney & Ricci’s Commercial division will help simplify the process, get to know your business and offer advice to help select the proper levels of coverage for your specific needs. Below are the 3 components found in a typical D&O policy:

    • Side A:  Protects the individual directors and officers by paying the defense costs and settlements brought against them, resulting from a lawsuit. Side A pays the individual directors only when the corporation isn’t legally allowed or is unable to.
    • Side B: Provides indemnification coverage. Side B reimburses the business for defense costs and damages that the company has paid to (or on behalf of) the directors or officers.
    • Side C:  Provides corporate liability coverage. Side C pays claims directly brought against the corporation itself. When the business is named along with the individual directors in a lawsuit, Side C helps protect the financial stability of the business.
    Businesses large and small throughout greater Boston and across Massachusetts need directors and officers insurance, as any member of your leadership team could be sued while performing their role in your organization. The Board of Directors of a condominium association, the advisory board of a golf course, a multi-national corporation or a family run landscaping company, all have risk exposures that should be addressed by tailored D&O insurance. To connect with a member of our experienced commercial insurance team request a complimentary quote on our website or give us a call at (844) 501-1359.