Protect your senior leadership.
Directors and officers liability insurance customized to your business.
Directors and officers liability insurance covers directors and officers for claims made against them while serving on a board of directors and/or as an officer. We’ll work with you to protect your organization’s greatest asset: your senior leadership.
Directors and Officers Liability Insurance in South Carolina
Whether you lead a private company, nonprofit organization, or public company, your board members, officers, and directors face real risks, often personal ones.
Legal action can come from shareholders, employees, competitors, vendors, or regulators. And when claims arise, it’s not just your business on the line, it’s their personal assets.
Directors and Officers Liability Insurance (also known as D&O insurance) helps protect your leadership team when allegations or lawsuits target their decisions, actions, or management style.
Without this coverage, one lawsuit could drain your team’s finances, disrupt operations, and damage your reputation.
C.T. Lowndes & Co. has been helping South Carolina businesses and nonprofits find the right insurance coverage since 1850. Our team can help you understand liability insurance options and guide you toward smart, affordable protection tailored to your organization.
Protect the people leading your business. Start your quote with C.T. Lowndes & Company today.
What is Directors and Officers Liability Insurance?
Directors and Officers Liability Insurance protects corporate decision-makers when they’re accused of a wrongful act committed in their role; anything from breach of fiduciary duty to misrepresentation, mismanagement, or failure to follow state law or internal bylaws.
D&O insurance covers legal fees, defense costs, settlements, and other costs associated with lawsuits. This can include securities claims, regulatory investigations, and suits related to HR decisions, misstatements, or errors in reporting.
Many policies include:
- Side A – Individual directors and officers. Pays loss (defense costs, settlements, judgments) on behalf of individual insured persons when the company cannot or is not permitted to indemnify them (for example, because of insolvency or legal restrictions).
- Side B – Corporate reimbursement. Reimburses the company when it does indemnify its directors and officers for covered claims. The company pays its executives’ defense/settlement first, then the insurer pays the company back, up to the policy limits.
- Side C – Entity (corporate) coverage. Extends coverage directly to the organization itself when it is named as a defendant in a covered claim (often securities claims for public companies; for private/nonprofits the scope depends on the form). This protects the corporate balance sheet alongside the individuals.
Who Needs It?
If you operate a private company, publicly traded company, or a nonprofit organization, then you need to consider D&O. Claims against corporate directors, executives, and nonprofit directors are on the rise, even small organizations aren’t immune.
In fact, most D&O claims come from employees or internal stakeholders, not massive shareholder lawsuits.
Having liability coverage in place not only protects the individuals who serve, but also makes your organization more attractive to future directors, investors, and lenders. It demonstrates a strong risk management mindset and a serious commitment to good corporate governance.
What Does It Cover?
A solid directors and officers liability policy typically covers:
- Alleged wrongful acts, including breach of fiduciary duty, errors in judgment, or failure to comply with applicable law
- Legal fees, defense costs, and legal expenses tied to civil, regulatory, or criminal investigations (excluding the criminal acts exclusion)
- Other parties suing over financial losses, illegal profits, or mismanagement
- Protection of personal assets when corporate indemnification isn’t available
- Entity coverage when the organization itself is named in a lawsuit
- Coverage for insured person including executives, board members, and sometimes employees
Get a Directors and Officers Liability Insurance Quote
For over 175 years, C.T. Lowndes & Co. has helped South Carolina businesses and nonprofits build smart, protective insurance programs.
We work with you to help structure directors and officers liability insurance that aligns with your risk, goals, and budget. We’ll explain your options, from officers liability to entity coverage, and answer common questions like:
- What happens if my company fails and I’m sued personally?
- Does this insurance policy cover legal costs and settlements?
- What does this mean for my board or nonprofit board?
- How does this coverage protect my business assets?
Your leadership shouldn’t come with personal financial risk. Let’s build the right protection together. Contact C.T. Lowndes & Co. today to get a personalized quote for Directors and Officers Liability Insurance.
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As an independent agency, we are here to help you find the right Directors and Officers Liability Insurance coverage.
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