Directors and officers liability
In today's litigious environment, the people entrusted to manage and direct your clients' companies and organizations are more susceptible to executive liability lawsuits than ever before. As leaders, directors and officers may be held personally liable for their management decisions, which means their personal assets are exposed to risk with every decision they make.
The Hanover's directors and officers (D&O) liability solution helps protect personal assets of directors and officers and the financial well-being of their organization when allegations of misconduct are made.
Our broad appetite and expertise enables us to write directors and officers liability coverage for almost any company or organization of any size. We specialize in:
- Agriculture
- Business to business services
- Business and trade associations
- Charitable organizations
- Construction
- Food processing
- Foundations
- Manufacturing
- Mining
- Museums
- Natural resources
- Oil and gas
- Personal services
- Professional services
- Social services
- Software design and development
- Software as a service (SaaS)
- Tech manufacturing
- Transportation
- Vocational training
- Waste management
- Wholesale
Our directors and officers liability solution is available in a convenient modular policy, or as a standalone policy.
Highlights of our D&O coverage include:
- Entity coverage included (additional protection should the company be named in a lawsuit)
- A broad definition of insured persons including past, present, or future executives and employees, legal representative or assigns, in the event of incompetence, insolvency, or bankruptcy, estates and heirs of deceased individuals and the spouses with respect to ownership interests in an individual's property
- Securities private placement coverage
- Additional sub-limit for the investigative cost associated with a securities derivative demand
- No retention for individuals if the entity is financially unable to indemnify
- Additional limit in excess of the policy limit dedicated for executives for non-indemnified claims
Additional coverages for private companies include:
- Coverage for the failure to undertake or complete an IPO or sale of securities
- Automatic 501(c)(3) outside director coverage
Our Hanover Directors & Officers Liability Advantage solution protects against the unique risks faced by your clients. Unlock the Hanover advantage.
More options for more businesses
Available as part of a convenient modular management liability policy or as a standalone policy, to serve a broad range of private companies and nonprofits
Online quote and issuance
Fast and easy to secure standalone management liability policies for small businesses, via TAP Sales
Risk management resources
Tools and services including an employment practices liability hotline, e-learning courses, background checks and employment screening services, and more
Dedicated claims professionals
Team of licensed attorneys and paralegals well-versed in management liability claims who work to resolve claims expediently
Customer service center
Services both standard and specialty lines, including management liability, to help agencies improve operational efficiency
Trusted partner
We offer the support and financial strength of an "A"-rated insurance carrier
Our broad appetite and expertise enables us to write directors and officers liability coverage for almost any company or organization of any size. We specialize in:
- Agriculture
- Business to business services
- Business and trade associations
- Charitable organizations
- Construction
- Food processing
- Foundations
- Manufacturing
- Mining
- Museums
- Natural resources
- Oil and gas
- Personal services
- Professional services
- Social services
- Software design and development
- Software as a service (SaaS)
- Tech manufacturing
- Transportation
- Vocational training
- Waste management
- Wholesale
Quote and issue online
You can issue a standalone D&O policy, or combine the D&O coverage part with other management liability coverage parts to create a modular solution. This flexibility allows for a focused plan that can accommodate a wide range of clients. This is all backed by our expert underwriters, who can also assist with any risks that are outside of the eligibility guidelines below.
Management liability online quoting appetite
- Construction
- Cultural intuitions
- Manufacturing
- Personal and business services
- Professional associations
- Professional services
- Technology
- Wholesalers
Eligibility and availability
- No claims
- Up to $1M per coverage part available online (up to $5M with underwriter referral)
- Up to $50M in revenue for private companies
- Up to $10M in assets for nonprofit entities
- Nonprofits must be 501(c)(3) or 501(c)(6)
- Application required to issue
- Not available in AK or CA
Product resources
Resources for you
Marketing materials
Service companies claims scenarios
Manufacturers claims scenarios
Quote, bind and issue online
We offer flexible training options to help you better understand TAP Sales and all of our online systems and capabilities.
Resources for your customers
Our management liability risk management offerings include on-demand learning, partner offerings, risk bulletins and more.
See all of our management liability resources
Customer tools
Let's start a conversation today
Contact a member of our team who can help you craft professional and executive lines coverage for your clients.
Matt Cohen
Regional Distribution Director
CO, KS, LA, MO, NM, OK, TX
303-819-7926
mcohen@hanover.com
Greg Ketay
Vice President, Distribution Management
AZ, CA, ID, MT, NV, OR, UT, WA, WY
630-760-3045
gketay@hanover.com
Adam Bennett
Regional Distribution Director
IA, IL, MN, ND, NE, SD, WI
952-484-8907
abennett@hanover.com
Neil Madison
Regional Distribution Director
DC, DE, MD, NJ, PA, VA, WV
667-314-2254
nmadison@hanover.com
Margaret Teta
Regional Distribution Director
CT, MA, ME, NH, NY, RI, VT
860-597-7967
mteta@hanover.com
Jon Fritinger
Regional Distribution Director
IN, KY, MI, OH
513-405-9634
jfritinger@hanover.com
Brion Burris
Regional Distribution Director
AL, AR, FL, GA, MS, NC, SC, TN
704-607-0983
bburris@hanover.com