Directors and Officers Liability

Both for-profit businesses and non-profit charitable organizations need to attract top talent to fill positions at the directors and officers level. In order to draw that talent, though, you must offer them sufficient protection to make it worth their while.

Directors and officers fill important roles within the organization and are often targeted for legal action as a result of the roles they play and their visibility. Directors and officers (D&O) liability insurance provides protection for your directors and officers from legal accusations related to their roles within your organization.

Johl & Company understands how important decisions like this are to your business or organization and will help you determine whether D&O coverage is needed in your situation and then help you choose the right policy to meet the unique needs of your business and its directors and officers.

What Types of Claims Does D&O Liability Insurance Cover?

There are many types of claims that are commonly made against directors and officers in business, non-profit, and private organizations. These are some of the more common claims D&O coverage protects officers and directors from.

  • Acting Outside of Authority
  • Breach of Duty
  • Breach of Fiduciary Responsibilities
  • Conflicts of Interest
  • Errors and Omissions
  • Mismanagement of Company Assets
  • Mismanaging Operations
  • Misrepresentation
  • Neglect
  • Self-Dealing

D&O liability insurance covers the legal fees, settlements, and/or judgments reached in these matters. The costs of going to trial are prohibitive enough to warrant this type of insurance coverage alone. Even if you are ultimately found innocent, you would still have paid quite a bit of money to prove that innocence without this valuable insurance protection.

Who Purchases D&O Coverage?

Directors and officers insurance coverage is necessary for any publicly traded company and highly recommended for private companies and charitable or not for profit organizations that have directors and officers on staff. This type of coverage should be purchased on behalf of the officers and directors by the organizations they represent.

These individuals sacrifice a great deal of time, talent, and energy into making the organization successful – at a very real personal risk. This type of insurance protection is your way of ensuring you’re attracting talented individuals to your organization.

Why Trust Johl & Company for Your D&O Liability Coverage You Needs?

Johl & Company has served the insurance needs of businesses throughout New Jersey since 1963 and plan to do so for many years to come. We believe that there are many reasons for our long-term success, including the fact that we provide prompt service, believe in the personal touch, and are there for you to help you get a fair resolution when claims are made. We have a history of doing just that and are proud of the many positive reviews we’ve received from satisfied customers in the past.

Further, we are an independent insurance agency. This means that we have the flexibility to identify the insurance services that are right for your unique needs. The fact that we have developed relationships with many different insurance providers means we can get you that coverage.

We won’t sell you products you don’t need for the sake of selling insurance and you’ll never be just another customer to us. We’ll help you identify your insurance needs, recognize your unique risks, and identify areas where you can minimize your risks and exposure to risks by making small changes in the way your business operates.

Johl & Company has a lot to offer our New Jersey friends and neighbors. Call 877-774-7382 today to get a free rate quote and to ask any questions you may have about directors and officers liability insurance and whether it’s the right call for your organization.

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Contact us today for a free quote for both personal and business coverage.

What Our Clients Say

  • reviews

    I would like to start by saying my experience with your agency has been amazing. I have been a customer for a few years. When I first stepped foot in your office I was close to loosing my car insurance coverage with my old provider, some places were turning me away and I was receiving high quotes from other companies. Your agency was the only one that took their time with explaining my options and providing the best insurance coverage that suits my needs. Your knowledge in this field helped to educate me with my decisions.

    – Yadira B, Garfield, NJ

  • reviews

    Just a few words of appreciation. The Kozma/Johl Insurance agency have insured my home and automobiles etc. for the past fifty years, during this period I had a few problems which were resolved without incident. The agencies associates were very professional in resolving these claims and I was more than satisfied with the results.
    Furthermore I will recommend the agencies services to my family and friends without reservation. Once again thank you

    – Carl H., Elmwood Pk, NJ

  • reviews

    Two years ago, I needed insurance for my newly purchased condo. When I reached out to my good friend Drew Stolz for advice, he not only assisted but was also able to get me car insurance, bundled with the condo policy for a cheaper price! He immediately found an affordable plan and explained all the details in ways I could understand. Every year on the annual date, he looks to find the best coverage plan and also one that is the most affordable. I am so grateful for Drew’s assistance.

    – Kim L., Granby, CT

  • reviews

    I have been a customer of Johl & Co for many years, both for my business and personal insurance. Over the entire time, I have been treated with best in class service along with competitive rates. Everyone at Johl that I have dealt with over the years has always been able to address any question, claim or concern in the most prompt professional manner. I would strongly recommend Johl & Co. to anyone for all their insurance needs.

    – Bob K., Englewood Cliffs

  • reviews

    As far as the John Johl Company, I have been a customer for I want to say like 22 plus years. I have been more than satisfied not only with the coverage , but with the service as well. You are there when I need you and you take the extra step to ensure the best coverage and the best options for Kathy & my peace of mind.
    Geiko , Progressive who ??? I Always refer you…..

    – Mark N., Lyndhurst, NJ