Directors & Officers Insurance
Directors & Officers Insurance Services
Directors & Officers Insurance covers management and executives for claims made against them while they are serving on a board of directors or as an officer of an organization. In layman’s terms, this type of insurance covers claims resulting from decisions and actions taken by company managers as part of their job duties.
Tower Street Insurance & Risk Management provides the most dependable insurance services for Directors & Officers (D&O) in Dallas, Southlake, Westlake, McKinney, and other cities we serve throughout Texas. We also can protect your home, auto, valuables, and more.
Directors & Officers Insurance
What is a D&O Insurance Policy and Why is it Necessary for Your Business?
Directors & Officers (D&O) insurance protects the personal assets of corporate directors and officers, and their spouses, in the event they are personally sued by employees, vendors, competitors, investors, customers, or other parties, for actual or alleged wrongful acts in managing a company. D&O insurance is the financial backing for a standard indemnification provision, which holds officers harmless for losses due to their role in the company.
Wide-ranging Liability Coverage: Our D&O insurance policies encompass a broad spectrum of potential legal fees and defense costs that company executives might face. From allegations of breach of fiduciary duties to securities litigation, this insurance cover is an indispensable safeguard for company leadership.
Essential for Retaining Qualified Executives: In today’s complex corporate law landscape, D&O insurance helps retain qualified executives by providing a safety net against personal financial losses. It reassures individuals in leadership roles that they are protected against personal liability for actions taken in their corporate roles.
Directors & Officers Insurance for Your Dallas Business
Protections Under a D&O Policy
Entity Coverage for the Company: Also known as Side C coverage, this extends the protection to the company itself, especially beneficial for securities litigation.
Tailored Policies for Various Organizations: Whether it’s a nonprofit organization, a startup venture backed by venture capital, or a multinational corporation, our D&O insurance policies are customized to meet the specific needs and risks of each entity.
Breach of fiduciary duty resulting in financial losses or bankruptcy
Misrepresentation of company assets
Misuse of company funds
Fraud
Failure to comply with workplace laws
Theft of intellectual property and poaching of competitor’s customers
Lack of corporate governance
Any business with a corporate board or advisory committee needs D&O insurance, including non-profit organizations.
Directors & Officers Insurance
Commercial Insurance Coverage by Tower Street Insurance & Risk Management
Tower Street Insurance & Risk Management has built its reputation on offering successful families and businesses the highest level of service rooted in transparency and trust. With our extensive resources and exclusive carrier options, we are able to create protection strategies that provide custom solutions with the broadest coverage, superior claims service, and overall best value. It is important to note here that we are an authorized provider of Chubb Insurance.
Expert Guidance from Insurance Professionals: Our insurance professionals possess deep knowledge of the unique risks faced by company directors and officers. They will help you understand how much coverage is necessary, discuss policy limits, and explain the insuring agreements.
Robust Financial Protection: The policy covers a wide range of scenarios, including creditor claims, reporting errors, and alleged wrongful acts, ensuring that personal assets of the insured person are not jeopardized.
Flexibility and Comprehensive Coverage: Our D&O insurance extends coverage to protect against various claims, from intellectual property disputes to financial losses due to wrongful acts. The flexibility of our policies means you can choose more coverage as per your organization’s insurance needs.
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Trustindex verifies that the original source of the review is Google. 
Trustindex verifies that the original source of the review is Google. 
Trustindex verifies that the original source of the review is Google. 
Trustindex verifies that the original source of the review is Google. 
Trustindex verifies that the original source of the review is Google. 
Trustindex verifies that the original source of the review is Google. 
Trustindex verifies that the original source of the review is Google. 
Trustindex verifies that the original source of the review is Google. 
Trustindex verifies that the original source of the review is Google. 
Why Choose Tower Street Insurance & Risk Management?
Tower Street Insurance & Risk Management creates effective solutions to manage your commercial and personal risks for customers in Westlake, McKinney, Dallas, Southlake, and other cities we serve throughout Texas. It is our privilege to represent and partner with each of our clients. When you need our help, call us at 972-472-2040 or contact us online today.
250 Carriers
180 Years of Collective Experience
6.5K Written Policies
85% Retention Rate
Tower Street Insurance by the Numbers
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