D&O

With coronavirus complications affecting rates, exclusions and risks, many independent agents will be forced to rethink how they approach directors & officers coverage.

The directors & officers market saw a hardening at the beginning of the year, and the coronavirus pandemic has caused even more disruption.

Directors & officers insurance certainly has been in the press recently—boards of directors are concerned over price increases and lawsuits related to COVID-19.

It’s safe to say 2019 was an interesting time in the directors & officers insurance space, and the coronavirus pandemic isn’t making things any easier.

Once you convince a commercial client that directors & officers insurance is worth the investment, here are four coverage elements to keep a close eye on in 2019 and beyond.

Coverage options include investment adviser professional liability, fund professional and management liability, D&O liability, employment practices liability and fiduciary liability.

Over the past several years, the legal and regulatory environment has shifted significantly, leaving directors & officers of all kinds exposed to costly and potentially devastating lawsuits.

As more organizations face more lawsuits, the price of directors & officers insurance “is going to increase at some point,” says independent agent Mish Ganssle. “However unfounded a claim might be, it must still be litigated, which takes time, and legal c

Despite merger objections, data breach lawsuits and the #MeToo movement, claims in the D&O space have not yet combined frequency with severity in a way that will significantly impact pricing.

The #MeToo movement is already having an impact on the EPLI market. But the ripple effects of the viral campaign will reach far and wide, putting directors & officers squarely in the crosshairs as well.