Types of Coverage

D & O Insurance provides protection to directors and officers of a corporation for their legal liability as a result of a claim against them for wrongful acts committed in their role as director or officers. The coverage provides for legal and defense costs, damages, settlements and judgements.

Coverage Features:

• Protects current, past and future directors and officers as well as their spouses, estates and heirs.
• Coverage extends to subsidiaries specified in the application.
• Newly acquired or created entities may also be added.
• The insured can purchase an optional endorsement to extend the period for reporting claims after termination of the policy.

Classes of Risk Underwritten:

• Not-for-profit organizations
• Utilities
• Industrial/ manufacturing companies
• Service oriented organizations
• Financial institutions

The Guarantee Company offers Fiduciary Liability Insurance as a complement to existing Directors & Officers and Fidelity policies.