Directors & Officers Insurance
Attract top talent to your company's leadership positions so they can make decisions confidently without fear.
A Business Built on Trust
When it comes to protecting the leadership of your organization and attracting top-tier talent to steer your company, Manna Insurance is your ideal partner for directors and officers (D&O) insurance.
We understand the unique needs and risks faced by executives and board members and will tailor a policy to fit your organization’s requirements.
Whether you run a startup, a nonprofit, or a large corporation, we will work to ensure that your leadership team can make decisions confidently, knowing they have robust protection against potential personal liabilities.
So what coverage do I need?
Protection That Has Your Leaders’ Backs
Side A Coverage
Directors and officers face personal liability risks when making tough decisions. Side A coverage steps in to protect their personal assets when the company can't indemnify them.
Side B Coverage
Side B coverage reimburses the company for the costs incurred when defending its directors and officers. It swoops in to help the company foot the bill for legal battles, leaving you with peace of mind.
Side C Coverage
Side C coverage protects the organization itself when it's named in a lawsuit alongside its directors and officers.
Cyber Liability Endorsement
In our digital age, a cyber liability endorsement is your digital shield. It helps cover the fallout from data breaches and cyberattacks, protecting both the organization and its leaders from financial harm.
Crisis Coverage
Crisis coverage is like having an emergency response team on standby. It assists with reputation management, public relations, and legal expenses when a crisis hits, helping to restore your organization's image.
Entity Coverage
Entity coverage steps in when both the individuals (directors and officers) and the company are named in a lawsuit.
Non-Profit D&O Insurance
For non-profit organizations and their directors and officers, Non-Profit D&O insurance is a lifeline. It helps protect the individuals and the organization's mission, ensuring that they can keep doing their work.
Employment Practices Liability
This coverage focuses on employment-related claims, such as defending against wrongful termination, discrimination, or harassment claims.
Fiduciary Liability Coverage
Fiduciary liability coverage shields your company and its leaders from claims related to mismanagement of employee benefit plans, ensuring that your fiduciary duties are protected.
“Tail” Coverage
Finally, "tail" coverage acts as a safety net. It extends your D&O coverage even after you've left the organization, ensuring that past decisions don't come back to haunt you.
Ways to Save on Directors & Officers Insurance
Implement effective corporate governance, compliance, and risk management strategies to reduce the likelihood of lawsuits and claims against your executives and board members. Insurers often offer lower premiums to organizations with strong risk management practices.
Risk Management
Regularly review and customize your D&O insurance policy to match your organization's specific needs and risk profile. Ensure that you're not over-insured and that your coverage aligns with your size, industry, and potential liabilities.
Regular Review
Maintain a clean claims history and resolve any potential issues promptly. A positive claims record can result in lower premiums and better terms when renewing your D&O policy.
Claims History
Frequent Questions About D&O Insurance
Insurance can be complicated and confusing. We’re here to help answer your most common questions about directors & officers insurance coverage.
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D&O insurance is a type of liability insurance that provides financial protection to individuals serving as directors and officers of a company or organization. It helps cover legal expenses and potential personal financial losses resulting from claims of mismanagement, negligence, or wrongful acts in their roles.
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Directors, officers, board members, and executives of for-profit and non-profit organizations may need D&O insurance. It's essential for anyone in a leadership position as they can be personally liable for their decisions and actions.
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D&O insurance covers legal defense costs, settlements, and judgments in lawsuits related to alleged wrongful acts, such as breach of fiduciary duty, mismanagement, financial misstatements, employment practices violations, and more.
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Yes, D&O insurance can include coverage for the organization itself (entity coverage) in cases where the company is also named in a lawsuit alongside its directors and officers.
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D&O insurance is generally not required by law, but it is strongly recommended for protecting the personal assets of directors and officers. Some regulations may require non-profit organizations to have D&O insurance.
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Yes, D&O insurance often includes coverage for employment practices liability claims, which can include allegations of discrimination, harassment, wrongful termination, and other employment-related issues.
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Some D&O policies may offer coverage for cybersecurity-related claims, but it's essential to review the policy carefully and consider specialized cyber insurance for comprehensive coverage.
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"Tail" or "extended reporting period" coverage can be added to D&O insurance to protect retired directors and officers from claims arising after they leave their positions.
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D&O insurance typically covers claims made during the policy period, so it's important to have continuous coverage to ensure protection for past decisions and actions.
More Coverage Options
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Business Buy/Sell Agreements
Protect your business and its owners in the event of a partner's death or departure.
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Employee Benefits Insurance
Healthy employees, healthy operations. Keep your team feeling good with strong medical and benefit plans in reach.
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Business Continuation Planning
Protect your company's financial stability and ensure a seamless transition in the event of a key employee's death or disability.
Kind Words from Our Customers:
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Ciarra Flint
★ ★ ★ ★ ★
Kyle and Jen are incredible! They walked me through the whole process and were so patient with all of my questions and fully explained everything to me! Thank you so much!
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AJ Johnson
★ ★ ★ ★ ★
The entire staff at Manna Insurance is personable and professional. Rare these days. We are very satisfied with our new policies. We highly recommend Manna!
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Emily Kooistra
★ ★ ★ ★ ★
Last year my home suffered some roof damage due to wind storms. Daniel and Kailey were quick to offer help in any way. Both went above and beyond in communicating with the insurance company to ensure that I was taken care of quickly and efficiently. I would highly recommend Manna Insurance to my family and friends!
Welcome to the Family
As a Manna Insurance customer, you are not just a number to us. We see you as part of our family and all that goes with being part of the #MannaFam.