A D&O policy typically covers directors, officers, board members, and executives. Some policies may also extend coverage to managers or committee members, depending on how the policy is structured.
FAQ_category: (HIDDEN) Industry FAQs
Directors and Officers insurance protects company leaders from personal financial loss if they are sued for decisions made while managing the business. It helps cover legal defense costs, settlements, and certain claims tied to leadership actions.
It can cover tools, equipment, inventory, and materials while they are in transit, stored off-site, or used away from your primary business location. Coverage depends on the policy and the type of property insured.
You may need this type of coverage if your business uses tools, equipment, or inventory outside your main location. Businesses with mobile operations or transported property often face coverage gaps without it.
Commercial property insurance usually covers items kept at a fixed business location. It covers property once it leaves that location, such as tools taken to job sites, equipment in vehicles, or inventory being shipped or stored elsewhere.