Directors and Officers Liability

The Broad Form PLUS+® Directors and Officers Liability Policy from Travelers offers comprehensive personal asset protection for directors and officers when primary coverage and/or indemnification cannot or will not respond. This includes coverage in situations where the corporation is required to indemnify, but cannot due to corporate insolvency or merger-related conflicts. Specially designed to meet the current needs of directors and officers, Broad Form PLUS+® provides coverage for non-indemnified claims ("A-side") against the directors and officers and includes Difference in Conditions (DIC) drop down features not found in most other policies. The policy is a reimbursement form that drops down to fill key coverage gaps resulting from exclusions commonly found in primary D&O policies. The Broad Form PLUS+® has a flexible policy format that enables the election of coverage for all of the directors and officers of a corporation or for an individual director or officer for their service with one or more companies (personal D&O umbrella policy).

The coverage provided by this policy is broader than the coverage provided by traditional follow form excess A-side policies, since it can respond as either an A-Side excess policy or as a primary policy that drops down to fill gaps that result from exclusions in the primary D&O policy.  Since the policy can to drop down to primary, it is more expensive than traditional follow form excess A-side policies, but can be worth the additional premium for the protection it provides to the directors and officers of a corporation.

The complete list of enhanced coverage features can be found n the sales sheet located in Coverage Highlights section to the right to see why Travelers Broad Form PLUS+® policy is the choice for directors and officers liability coverage.

"Nothing stated herein affects the terms, condition and coverages of any insurance policy or bond issued by any of the referenced insurers, nor does it imply that coverage does or does not exist for any particular claim or type of claim under any such policy or bond.  Availability of coverage referenced in this document can depend on underwriting qualifications and state regulations."

Coverage underwritten by Travelers Casualty and Surety Company of America and its property casualty affiliates, Hartford, CT 06183