D&O Insurance

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As an independent insurance agency, we are associated with over 50 top rated insurance companies that offer the products that most appropriately meet the needs of our clients. Contact us today for a FREE quote!

Independent Agency

Unlike a captive agency that only represents one company, we are an independent insurance agency allowing you the choice of company, policy, and pricing. Our team is staffed with proven professionals to help guide you through the quoting process. We find the coverages you need at the prices you want. Once you become a client we are committed to providing you with the quality service you expect.

D&O Insurance

Directors and Officers Liability Insurance (D&O Insurance) plays a crucial role in safeguarding organizations and their executives from the risks associated with their decision-making and leadership responsibilities.

Directors and Officers Liability Insurance is a specialized insurance policy designed to protect company directors, officers, and other senior executives from personal financial losses incurred due to alleged wrongful acts committed in the scope of their corporate responsibilities. It provides coverage for defense costs, settlements, and judgments arising from lawsuits and claims filed against them.

D&O Insurance covers the individuals serving as directors and officers of a company, as well as senior managers and executives entrusted with decision-making authority. This includes not only the current directors and officers but also former and prospective ones. In some cases, the policy may also extend coverage to the company itself, known as “Entity Coverage.”

Directors and officers face various risks in their roles, such as allegations of negligence, mismanagement, breach of fiduciary duty, or violation of laws and regulations. D&O Insurance acts as a financial safety net, providing protection against personal liability, as well as shielding the personal assets of the individuals covered. It helps attract and retain talented executives and allows them to make informed decisions without the fear of personal financial ruin.

Directors and Officers Liability Insurance typically covers defense costs (including legal fees and related expenses), settlements, and judgments. It provides coverage for claims related to a wide range of alleged wrongful acts, including but not limited to errors in judgment, breach of duty, employment practices violations, misleading statements, failure to comply with laws, and even cyber liabilities. The coverage can be tailored to the specific needs of the organization and its executives, ensuring comprehensive protection against potential risks.

Directors and Officers Liability Insurance is an essential protection for both company leaders and the organizations they serve. By understanding what D&O Insurance is, who it covers, why it is important, and what it covers, businesses can make informed decisions to mitigate potential financial risks and ensure the continued success of their leaders and the organization as a whole.

Insurance Services

At Insurance Group of Minnesota LLC, our policies are tailored to meet the unique needs of each customer. We offer flexible coverage options, competitive rates, and exceptional customer service to ensure that our clients have the peace of mind they need to insure their business with confidence. Our D&O insurance products can provide additional insurance coverages including: