Directors & Officers (D&O) Insurance for Louisiana Organizations

Shield Your Leaders from Personal Lawsuits

Directors & Officers Insurance protects your organization's decision-makers-executives, board members, and officers-against lawsuits over how they manage the business. It covers legal defense, settlements, and judgments if they're personally sued for alleged wrongful acts, like mismanagement, breach of duty, or misuse of funds. Without D&O, their personal assets (home, savings) can be at risk.

Common Claims and Coverage Features

Intentional fraud or criminal acts are not covered.

Defense Costs

Pays for lawyers and court expenses in a covered lawsuit

Settlements & Judgments

Covers amounts awarded in claims of mismanagement, breach of fiduciary duty, or regulatory actions

Third-Party Claims

Investors, employees, competitors, clients, donors, or even government agencies can sue directors or officers

Employment-Related Claims

Often includes coverage for allegations tied to employment decisions (check for EPLI inclusion or separate policy)

Entity Coverage

Many D&O policies also protect the organization itself (not just individuals)

Not Just for Big Corporations-Essential for Small Businesses & Nonprofits

Any organization with a board or key leaders should consider D&O coverage:

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Private companies and startups with investors or partners

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Nonprofits and associations (board members often require it to serve)

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Firms with contracts, vendors, or external stakeholders

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Even small, family-run businesses with outside advisors

Over 1,500 D&O claims are filed each year-60% against private firms or nonprofits, not just Fortune 500s.

Lawsuits Happen-Protect the People Who Lead

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1 in 4 private companies has faced a D&O lawsuit, with average losses of $387,000

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Board members' personal assets can be targeted-D&O insurance puts a shield between them and financial ruin

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Nonprofit volunteers often demand D&O before joining a board-it's a sign of responsible governance

Real-Life Examples

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A competitor sues your company, alleging a director made misleading statements

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An investor claims mismanagement of funds led to losses

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An employee or ex-CEO sues a nonprofit board over a termination or decision

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A government agency investigates board actions

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D&O Insurance Questions-Answered

  • What does D&O insurance cover?

    Legal defense, settlements, and judgments for management decisions, board actions, and more

  • Do nonprofits need D&O insurance?

    Yes-board members are personally liable and often require this coverage before serving

  • How much does D&O cost for small businesses?

    Costs vary, but it's often a fraction of potential lawsuit losses; policies are tailored to your size and risk

  • Who can sue directors or officers?

    Investors, employees, competitors, customers, and regulators are all common sources of claims

  • Is fraud covered?

    No-intentional wrongdoing is excluded

Protect Your Board-Request a D&O Insurance Quote

Don't leave your organization's leaders exposed. Get a tailored D&O policy from local experts-keep your business or nonprofit running strong, no matter what legal challenges arise.