Directors and officers (D&O) liability for professional firms.

What D&O covers

D&O responds to claims that a firm's directors or officers made a wrongful decision or breached a duty in running the business, mismanagement allegations, investor or shareholder disputes, governance and oversight claims. It protects both the individuals and, often, the firm, and it covers the defense, which is significant given how expensive these disputes are.

Not just public companies

The common misconception is that D&O is only for public companies. Private firms with investors, a board, partners, or outside capital can face the same governance and management claims, and investors often require D&O as a condition of funding. As a professional firm formalizes leadership or raises capital, D&O becomes relevant.

Where it fits

D&O is usually part of a management-liability program and is distinct from E&O, which covers professional services, and from EPLI and fiduciary. We assess whether D&O fits your firm's structure, investors, and governance, and coordinate it with the rest of the program.