D&O

The updated product, Chubb Primary Directors & Officers and Entity Securities Liability Insurance, is intended to meet the much-changed needs of publicly traded companies.

The new miscellaneous professional liability product covers liability and defense costs from claims that allege errors or omissions in the rendering of professional services.

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