Ohio Directors & Officers Insurance Coverage

Every business is unique, and each faces different exposures. We make it our business to become experts in your business so we can identify the key exposures you face, and then provide the best coverage solutions to address the risks of loss.

We work for you to provide the security and peace of mind you deserve so you can spend more time running your business and less time worrying about your insurance. It's a simple philosophy, but one that many Ohio businesses have come to expect from the licensed advisors at Simon Insurance Agency. We appreciate these lofty expectations, we look forward to exceeding them for our current clients, and we continually strive to help prospective clients increase their expectations of their insurance protection.

Our Business Insurance Products Include:

Bonds

Builders Risk

Business Income

Businessowners Policy (BOP)

Commercial Auto

Commercial General Liability

Commercial Package Policy

Commercial Property

Crime

Directors & Officers (D&O)

Employee Benefits Liability

Employer's Liability (Stop Gap)

Employment Practices Liability (EPLI)

Flood

Inland Marine (Contractors Equipment)

Professional Liability and E&O

Umbrella

Workers’ Compensation

Ohio Directors & Officers Insurance

Directors and Officers liability insurance (D & O) is like professional liability insurance. It covers managerial decisions, not accidents. These D & O policies are not standardized, but they do have things in common.

Typically, the policies have two parts. One gives the directors and officers direct coverage for their acts. The other covers the corporation for its obligation to reimburse directors and officers.

Important Info: What are the types of D&O Claims?

Claims brought against directors and officers vary.

Example. One claim might be that the stock value was lowered because of decisions, errors, or omissions of the board.

Example. Another claim might come from employees, the public and other businesses harmed by board actions.

Since acts by the insureds are based on personal liability, a claim outlives a director or officer. For that reason, the coverage usually extends to heirs, estates and legal representatives. There may be a spousal extension as well. This covers situations where assets have been transferred to a spouse to hide them from a judgment.

Defense costs are treated differently than the Commercial General Liability Policy (CGL). With the CGL, the insurer has a right and duty to defend the insureds. In a D & O policy, the individual insureds may have responsibility, within limits, for their own defense. This includes hiring their own lawyers.

Request A Free Quote

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Requesting a free quote is easy, straight forward and time saving!

All we need from you is some basic information to get the process started. By filling out the form to the left with a few lines of information, it will allow one of our experienced insurance agents to contact you to discuss the different options of the insurance type you requested.

We are here to work for you so that is exactly what we will do. Once we have all the information we need, we will carefully look over all the options that are available to find out the best coverage for the best rate that will fit your needs. Then we will call you back to let you know how much money you saved by switching your business to Simon Insurance Agency.

Thanks for inquiring about insurance through Simon Insurance Agency.

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