SWG D&O

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    Directors and Officers Liability Insurance

    SWG D&O insurance protects directors, officers, trustees, volunteers, and employees against claims of wrongful acts such as mismanagement, breach of duty, misrepresentation, or failure to follow workplace, employment, or environmental laws. It covers defense costs, settlements, and damage awards, whether allegations are valid or not.
    The policy helps safeguard individuals from personal financial loss by paying damages and expenses when the corporation cannot indemnify them. It also protects the organization itself by covering defense costs and damages the corporation is legally required to pay.
    Directors and officers face increasing accountability, making this coverage essential for protecting assets and attracting qualified board members.

    Coverage Highlights:

    • Affirmative coverage for: Employment Practices Liability (EPL), Third Party Wrongful Act
    • Broad definition of claim includes Demands for monetary damages, non-monetary or injunctive relief, civil, criminal, administrative, regulatory, mediation or arbitration proceedings. Civil, criminal, administrative or regulatory investigations. Extradition proceedings. Any request to toll or waive the statute of limitations.
    • All-in-one policy includes D&O, Entity, Employment Practices, Fiduciary and Outside Directorship coverages.
    • Legal Assistance Hotline
    • Claims made policy
    • Prior acts coverage is built in the wording and extends back to the inception date of the first D&O Liability policy
    • Duty to defend
    • Costs in excess
    • First dollar defense (deductible not applicable to defense costs)
    • Waiver of deductible in the event of no liability
    • Worldwide coverage
    • Broad definition of Insured include the non-profit corporation (entity coverage), any past, present and future deemed or “de facto” directors, officers, trustees, employees, volunteers and any committee members
    • Broad definition of claim
    • Broad definition of Wrongful Act includes Employment Practices, Third Party Employment Practices, Personal Injury and Publishers Liability
    • Corporate brand protection – Crisis management event expenses coverage
    • Corporate investigation costs coverage
    • Pollution defense costs
    • Excess coverage for Side A (Directors and Officers)
    • Non rescindable Side A
    • Bi-lateral discovery period
    • Order of payments
    • DeFacto Executive Extension
    • Final adjudication language for personal conduct exclusions
    • Deletion of hammer clause
    • Spousal and domestic partner coverage
    • 100% defense costs allocation
    • 60-day notice for non-renewal

    Available Extensions :

    • Multi-year policies – annual aggregate, annual installments
    • Fiduciary Liability – options for shared or stand-alone limits
    • A $100,000 Workplace Violence Coverage sub-limit may be added for an additional premium

    We Cover :

    • Business Entities and their Subsidiaries
    • Directors and Officers
    • Management teams
    • Spouses of the D&Os
    • Stakeholders
    • Employees
    • Volunteers