Best DandO insurance

Final Verdict

The DandO insurance options we reviewed all offered unique insurance options specifically tailored to the risks and needs of specific areas and industries. Some companies had more robust customer service options than others, making them more convenient and flexible for purchasing a policy and filing claims.

Before purchasing a policy, you should shop around and compare policy prices, coverage options and deductibles to ensure you are getting the right insurance policy for you. However, the policies offered by Travelers offer flexible coverage for your business, no matter what industry you are in, and can be a good starting point for getting quotes.

Compare providers

frequently asked Questions

What is DandO insurance?

Directors and officers insurance is a type of insurance policy taken out by corporations and non-profit organizations to protect those who serve as directors or officers for non-profit organizations or corporations in the event of a civil or criminal lawsuit against them for actions on behalf of the company. If they are sued, DandO Cover will pay for their attorneys’ fees and settlements and/or judgments resulting from those lawsuits.

This can include liability claims and regulatory investigations, but DandO insurance generally doesn’t cover things like fraud, illegal winnings and criminal activity.

What is the difference between DandO insurance and EandO insurance?

Directors and Officers Insurance protects individual directors and officers from personal liability if they are sued for their involvement in a company or non-profit organization as directors and officers. Error and Omission Insurance (EandO), or professional indemnity insurance, covers the company against claims of professional error and other alleged misconduct by those who work for the company.

When does a company need DandO insurance?

All corporations and non-profit organizations with directors and officers should take out DandO insurance to protect those directors and officers from personal liability for acts performed on behalf of the company or organization. It is also often crucial to ensure that you can recruit the best directors and officers for your company.

methodology

We researched about 10 companies that offer DandO insurance and looked closely at which companies offered policies for companies or organizations that often buy directors’ and officers’ insurance. We then narrowed our choices down to the best options for each type of business. When comparing DandO insurance, we looked at the types of coverage offered, whether they were designed for the specific risks of each industry, the ease of taking out a policy, customer service ratings, and the reputation of the company, among other things.

All of the companies on our list are reputable, have good customer reviews, and offer great insurance coverage options.

–