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Get a Personalized D&O Insurance Quote Today
If your business or nonprofit has leadership liability exposure, don’t leave it unprotected. Contact our team to discuss your options, or click over to our Quotes page to get started. We’ll make the process straightforward and get you the coverage your organization — and its leaders — deserve.
What Is Directors and Officers (D&O) Insurance?
D&O Insurance protects the personal assets of company leaders — directors, officers, and board members — if they are personally sued for decisions made in their corporate roles. It also helps cover legal costs the company may face in defending those individuals.
This specialized liability insurance is essential protection for business owners, board members, and nonprofit executives.
Who Needs D&O Insurance Coverage?
Anyone serving in a leadership or governance role at a company or nonprofit can be held personally liable for claims such as mismanagement, breach of fiduciary duty, regulatory violations, or failure to comply with corporate bylaws.
Typical organizations that need D&O coverage include:
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Corporations (both public and private)
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Nonprofits and associations
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Startups with investors or outside advisors
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Boards of HOAs, churches, or charities
D&O policies protect decision-makers from claims brought by shareholders, employees, vendors, competitors, customers, and even regulatory bodies.
What Does a D&O Policy Cover?
D&O insurance is designed to cover the legal and settlement costs of covered claims. This can include:
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Defense costs related to lawsuits or investigations
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Settlements or judgments (except where excluded)
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Allegations of negligence, misrepresentation, or breach of duty
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Employment-related claims (often bundled with EPLI)
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Claims brought by stakeholders or regulatory agencies
Most policies exclude criminal acts or fraud, but coverage may still apply until a judgment proves wrongdoing. That distinction can protect personal finances during lengthy legal proceedings.
How Much Does D&O Insurance Cost in Texas?
Pricing varies depending on factors like:
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Business size and structure
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Revenue and number of employees
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Industry risk profile
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Claims history
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Policy limits and retention
We’ll walk you through every step and compare carriers to find a policy that balances strong protection with affordable pricing.
Why Choose Miller & Miller for D&O Coverage?
D&O is a nuanced and highly specialized coverage — and not every agency understands the differences in nonprofit vs. corporate risk, or how policy wording affects your protection. At Miller & Miller Insurance Agency, we bring deep experience in both sectors and tailor each D&O policy to your unique structure, board composition, and liability exposure.
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Learn More About Executive Liability on Our Blog
From emerging boardroom risks to real-world D&O claims, our blog is packed with insights that help protect leadership teams in New Braunfels. Discover how to avoid common pitfalls and stay ahead of changes in governance and compliance law.
