D & O Insurance IconD & O Insurance

Most insurance agencies have little understanding of how Directors & Officers Insurance works and access to few, if any, carrier markets. Churchwell Insurance Agency is set apart in that we have a dedicated team of specialists with access to all the markets in U.S., Bermuda, London, and even Hong Kong. We are truly set apart as a global advisor in the D&O market.

Did you know that D&O insurance can protect your business in the event of a lawsuit? It is important to discuss what D&O insurance is and why it is crucial for businesses. We'll discuss the different types of coverage available and how to choose the right policy for your company.

What is D&O Insurance?

D&O insurance is designed to protect directors and officers of a company from being held liable for any wrongful or illegal actions they may have carried out in the course of their work. The insurance can also provide coverage for settlement costs or judgments awarded against the director or officer.

Why Is D&O Insurance Important?

If you're a business owner, you know that protecting your company is always a top priority. But what about protecting yourself? As a director or officer of your company, you can be held liable for any wrongful or illegal actions you take while in your role. That's why D&O insurance is so important. It can help cover legal defense costs, settlements, and judgments against you.

Who Needs D&O Insurance?

If you're a director or officer of a corporation, partnership, or LLC, then you need D&O insurance. This includes:

  • SPAC
  • DeSPAC
  • Traditional IPO
  • OTC Uplist
  • Private for-profit
  • Private non-profit

SPAC IPO and Traditional IPO companies especially need D&O insurance, as these types of entities have a higher risk for litigation from their shareholders. If you partner with Churchwell Insurance Agency, we can help you find the D&O insurance policy that's right for your business.

D&O insurance is dependent upon the selection up to three insuring agreements. Most commonly selected among publicly listed companies is the ABC policy, as they offer standard-form coverage. Situationally, private or non-profit companies may consider only purchasing A coverage as a cost-saving measure [see below].

Cover Description Who is the insured? What is at risk?
Side A Insures the D’s and O’s against a loss that is not indemnified resulting from a claim against the D’s and O’s. Individual director or officer The D’s and O’s personal assets
Side B Insures the company against a loss that is indemnified as a result of a claim against the insured person. Company The corporate assets
Side C Insures the company against a loss that is incurred as a result of a claim against the company. (The scope of this may vary dependent on if the company is private or public; inside the US or outside of the US) Company The corporate assets

Contact Us

D&O insurance is an important type of coverage for any business owner or corporate executive. It can help protect you from being held liable for any wrongful or illegal actions you take while in your role.

If you're looking for D&O insurance, Churchwell Insurance Agency specializes in directors & officers insurance for publicly traded companies trading on U.S. stock exchanges regardless of operations being global or domestic. We have the experience and knowledge to help you find the right policy for your company. Give us a call today to learn more about what we can do for you.