Who Needs It - Directors & Officers - Victor O. Schinnerer & Co.

Insurance Primer

Who Needs It and Why?

Programs & Products

Directors & Officers

What is directors and officers liability coverage?
Directors and officers liability coverage protects directors and officers against claims alleging negligence, errors and omissions, misstatements, misleading statements and misrepresentations.

Why do I need directors and officers liability coverage?
Most organizations have a general liability policy that protects its directors and officers against negligent acts that result in bodily injury or property damage. However, general liability does not protect against alleged wrongful acts or omissions, including breach of duty, which do not result in bodily injury.

Directors and officers coverage protects your executives from potential lawsuits resulting from key decisions or management practices-lawsuits that may target their personal assets. Purchasing directors and officers coverage allows your officers to make the decisions that define their roles without having to worry about consequences down the road.

What we offer.
Schinnerer offers several directors and officers programs:

D&O for Design Firms and Consultants
Schinnerer's D&O coverage for design firms and consultants is offered as part of our E-Pack program. Through this innovative program, you can choose either one or more of the following coverages:
Directors and officers liability
Employment practices liability
Fiduciary liability

D&O coverage continues even if your company becomes insolvent. Entity Liability coverage, which provides coverage for claims against the firm itself, is also available. See the complete Policy Highlights
D&O for Hospitals and Healthcare Organizations
Our healthcare directors and officers program is designed for non-profit hospitals with assets below $750 million and includes complimentary coverages such as fiduciary and managed care E&O/D&O. See our program list for complete information.
D&O for Not-for-Profit Organizations
Schinnerer's not-for-profit D&O program provides liability exposure for directors and officers as well as employees, volunteers and the organization itself. The policy includes fiduciary and employment practices coverage. See our complete program listing.