Colorado Directors & Officers Liability

Colorado Directors & Officers Liability

Directors and officers liability insurance helps to protect those that your business relies on—the ones that run it. While general liability coverage offers protection against claims of wrongful action or negligence that result in bodily harm, there is much that it doesn’t cover, and while many businesses in the Denver area have general liability coverage, adding Directors and Officers coverage can greatly benefit your organization.

How it can help

Whether it is a director, a trustee, or an employee, companies rely on people to act in the company’s best interests. However, we are all human and even the best of us can make mistakes. Directors and officers liability insurance protects executives against claims of slander, libel, misrepresentation, and defamation of character, amongst other things. It can cover the cost if a lawsuit is pressed, claiming sexual or workplace harassment, discrimination or wrongful discharge. Officers and directors have to rely on their best judgment when making decisions that affect the company. Errors can happen and people can be misinterpreted, and directors and officers coverage protects your executives from potential lawsuits resulting from key decisions or management practices—lawsuits that may target their personal assets. Having insurance like this in place often helps businesses attract top talent that are reassured that the company has their back, talent that otherwise might go somewhere other than Denver.

The Specifics

There are many things that directors and officers liability insurance policies will cover, and some that it will not. Here are some of the more common in both categories: Covered
  • Prior acts (if the insurance company is willing)
  • Wrongful acts-an act, error, omission, breach of duty, or misstatement, which may cause economic injury to a third party.
  • Non-disclosure of conflict of interest
  • Cases of wrongful dismissal, sexual harassment claims, discrimination, workplace harassment
  • Defend against claims of slander, libel, misrepresentation, non-monetary damages, innocent errors in judgment
  • Provides duty to defend coverage
Not Covered
  • Fraud, personal profiting, accounting profiting, other illegal compensation exclusions
  • Illegal acts that the person committed knowledgably and willingly, including infringement of intellectual property rights
  • Bodily injury, pollution, property damage, etc.


Who can be covered under this?

  • Directors, trustees, committee members, volunteers, and officers
No matter the type of company being run or the size, having directors and officers liability insurance can benefit the company in many ways. Denver is a fast growing city, and home to some of the largest corporations in the United States. DCInsurers - Mountain is proud to help the people and businesses of this booming region get the coverage they need in order to achieve success. Talk to one of our commercial insurance brokers and see why we are the number one independent insurance agency in Colorado. Either online or over the phone, we can help you find the coverage you need at the price you deserve.

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