Corporate Directors and Officers

corporate-directors-and-officers1Corporate Directors & Officers Liability

Complete an Application

Instant Phone Quote:  (866) 355-2733

Corporate Directors & Officers Liability

Coverage is designed by an “A++” rated carrier for privately held firms with up to $350,000,000 in assets and 500 employees. A separate Employment Practices Liability limit, full entity coverage and no punitive damages exclusion are just a few of the many coverage features.


Ineligible Corporate Directors & Officers Liability

Please note we cannot offer coverage to the following:

  • Bank
  • Franchisor
  • Medical care provider
  • Real estate development/investment
  • Bar
  • Government agency
  • Mortgage broker
  • Stock brokerage/SEC firm
  • College/University
  • Insurance company
  • Nursing home/home health
  • Union
  • Cooperative (residential)
  • Law firm
  • Pharmaceutical
  • Venture capital
  • Entertainment industry


Available Coverage for Corporate Directors & Officers

  • Up to $5,000,000 per coverage part providing that the Employment Practices Liability limit may not exceed the Directors & Officers limit
  • $2,500 minimum premium at $1,000,000 limits – includes Directors & Officers and Employment Practices Liability
  • Retentions starting at $5,000

Complete an application buttonquote instantly by calling 8663552733

Claim Example for Corporate Directors & Officers

Business team sitting at table and discussing with paperwork during meeting

By Employees: Two weeks after being hired away from a competitor, a new employee was fired by the Company President who decided he had made a mistake in hiring this individual. The employee filed suit alleging the President had made statements misrepresenting the position. It took the jury less than three hours to find in favor of the employee and award $300,000. Importantly, the jury also found the company president personally liable for his own acts whether or not committed when acting for the corporation. The defense counsel noted “Given the ruling in this case, it will be difficult to find anyone to serve as a corporate officer in Connecticut in the absence of extraordinary guarantees of indemnity and insurance coverage”.

By Shareholders: A Shareholder sued the Board of Directors for the perceived breach of the duty of care in the sale of the organization. The suit was brought against the Board because the shareholder believed the organization was sold to a family member for an undervalued price. Defense and Settlement: $90,000.

By Vendors: Claimant filed suit against Company A and its President individually for Breach of Contract. They alleged the President promised them an exclusive contract but after nine months of the one year contract hired a different Vendor and terminated the contract. The claimant alleged they lost out on three months of business resulting in $100,000 in lost income. Defense: $180,000.

By Lenders: The respected president of a locally prominent private company began “borrowing” money from the firm to cover personal losses. The President was successful in covering up the transactions for almost a year until the firm was finally forced to declare bankruptcy. A bank which had just renewed a large outstanding note sued the individual directors alleging breach of duty of care and misrepresentation of financial information.

By Creditors: Company X filed for Bankruptcy due to poor market conditions. As a result, the company’s creditors filed a class action lawsuit alleging misappropriation of funds, breach of fiduciary duty and negligence against the Directors and Officers. A trial found that the company did in fact not handle their finances properly and had misled their creditors. Defense and Settlement: over $1,000,000

By Competitors: Company A filed suit against Company B for hiring one of their key employees. Company A alleged that Company B hired the employee and in the process stole trade secrets and customer information. Defense and Settlement: $75,000.

By Buyer of the Company: An investor purchased Company X for $5 million. After the purchase, the investor realized the Officers and Board members did not properly disclose the true value of the Company’s assets. The Officers and Directors of Company X asserted all proper financial information was released to the investor. They were sued for the alleged inflated value of the company. Defense and Settlement: $670,000.


Please note –
You must be an appointed Peachtree Special Risk Brokers, LLC retailer to use these programs. Quotes obtained via these programs will only be bound IF you are previously appointed producer with a currently executed Producer Agreement with any Peachtree office.  |  Also, you must be properly licensed with the State in which the risk is located, with a copy of your State license on file with us.  |  Prior to Binding, you must confirm with your local Peachtree office to determine any and all applicable taxes and fees.  |  No coverage is bound until confirmed in writing from a Peachtree representative.  |  Please contact a Peachtree representative if needed for additional pricing considerations on any quote received using these programs or if your submission has been declined.  – Thank you! –