Directors And Officers (D&O) Insurance For Small Business

As a former claims handler and fraud investigator, Jason Metz has worked on a multitude of complex and multifaceted claims. The insurance industry can be seemingly opaque, and Jason enjoys breaking down confusing terms and products to help others mak.

Jason Metz Lead Editor, Insurance

As a former claims handler and fraud investigator, Jason Metz has worked on a multitude of complex and multifaceted claims. The insurance industry can be seemingly opaque, and Jason enjoys breaking down confusing terms and products to help others mak.

Written By Jason Metz Lead Editor, Insurance

As a former claims handler and fraud investigator, Jason Metz has worked on a multitude of complex and multifaceted claims. The insurance industry can be seemingly opaque, and Jason enjoys breaking down confusing terms and products to help others mak.

Jason Metz Lead Editor, Insurance

As a former claims handler and fraud investigator, Jason Metz has worked on a multitude of complex and multifaceted claims. The insurance industry can be seemingly opaque, and Jason enjoys breaking down confusing terms and products to help others mak.

Lead Editor, Insurance Les Masterson Deputy Editor, Insurance

Les Masterson is a deputy editor and insurance analyst at Forbes Advisor. He has been a journalist, reporter, editor and content creator for more than 25 years. He has covered insurance for a decade, including auto, home, life and health. Before cove.

Les Masterson Deputy Editor, Insurance

Les Masterson is a deputy editor and insurance analyst at Forbes Advisor. He has been a journalist, reporter, editor and content creator for more than 25 years. He has covered insurance for a decade, including auto, home, life and health. Before cove.

Les Masterson Deputy Editor, Insurance

Les Masterson is a deputy editor and insurance analyst at Forbes Advisor. He has been a journalist, reporter, editor and content creator for more than 25 years. He has covered insurance for a decade, including auto, home, life and health. Before cove.

Les Masterson Deputy Editor, Insurance

Les Masterson is a deputy editor and insurance analyst at Forbes Advisor. He has been a journalist, reporter, editor and content creator for more than 25 years. He has covered insurance for a decade, including auto, home, life and health. Before cove.

| Deputy Editor, Insurance

Updated: Dec 21, 2023, 11:29am

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations.

Directors And Officers (D&O) Insurance For Small Business

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Your company’s decision-makers set the goals and strategies for the business. But without the proper type of business insurance, your company’s individual officers could be exposed to financial losses if they’re sued for a decision they made on the company’s behalf.

For example, accusations of mismanaged funds or a bad investment could lead to a lawsuit.

To get the best small business insurance, you may need to buy directors and officers (D&O) insurance. It’s a good way to retain leaders, cover legal fees and attract investment opportunities.

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What Is Directors and Officers Liability Insurance?

Directors and officers insurance protects the people who serve as directors and officers of a company if they’re sued by employees, customers, vendors or others. It can cover defense costs, a settlement and other expenses that arise out of the lawsuit.

What Does Directors and Officers Insurance Cover?

Directors and officers insurance can help your company if the directors and officers are accused of wrongdoings such as:

What Does Directors and Officers Insurance Not Cover?

Directors and officers insurance doesn’t cover everything. Here are examples of problems a policy commonly excludes:

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Lead Editor, Insurance

As a former claims handler and fraud investigator, Jason Metz has worked on a multitude of complex and multifaceted claims. The insurance industry can be seemingly opaque, and Jason enjoys breaking down confusing terms and products to help others make well-informed decisions.

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