Directors & Officers · Florida
Florida Directors and Officers (D&O) Insurance Quotes
Your board and executives can be personally sued over company decisions. Florida D&O insurance funds their legal defense. We compare coverage across multiple A-rated carriers for you.
What does directors and officers (D&O) insurance cover in Florida?
D&O insurance covers legal defense costs and settlement payouts when executives or board members are personally sued over company management. It protects their personal assets from lawsuits claiming breach of fiduciary duty, mismanagement of corporate funds, or regulatory failures.
What a D&O Insurance Policy Covers
Every D&O form is written a little differently, but most follow this outline. The second column is where boards get surprised.
Usually covered
- Lawsuits from shareholders or investors over a decision the board made.
- Regulatory investigations and actions against your directors and officers.
- Claims from vendors, lenders or competitors over how the company was run.
- Defense costs, often paid as the case goes on rather than at the end.
- Reimbursement to the company when it pays to defend its leaders.
Usually not covered
- Fraud or criminal acts, once a court finds they happened.
- Bodily injury and property damage, which belong to general liability.
- Claims known before the policy started, or tied to earlier lawsuits.
- Profit or pay a leader was never legally entitled to receive.
- Claims from one insured against another, on many forms.
The Three Sides of a D&O Policy
A D&O policy has separate parts that answer in different situations. Most private companies buy all three.
Side A
Pays your directors and officers directly when the company cannot or will not pay for their defense.
Side B
Reimburses the company after it pays to defend or settle a claim against its leaders.
Side C
Covers the company itself when it is named in a covered claim, such as a securities claim.
Defense costs
Pays attorneys and court costs. On most D&O forms, defense costs reduce the limit you buy.
D&O for a Private Company vs. a Nonprofit Board
A board of directors faces different claims depending on who it answers to.
Private company
Claims come from investors, minority owners, lenders, competitors and employees. A sale, a merger or a new funding round raises the exposure, and many investors require D&O before they put money in. Employment claims are often covered by a separate employment practices liability policy. Mistakes in the services you sell to clients need professional liability instead.
Nonprofit board
Florida law shields nonprofit directors and officers from personal liability for most board decisions (§ 617.0834, Florida Statutes). The organization itself can still be sued, and the defense costs money even when the claim fails. Donors, grantors and volunteers often expect a board to carry D&O. Condo association and HOA boards face the same kind of claims over assessments and rules. The organization's own liability, property and volunteers are covered on our nonprofit insurance and church insurance pages.
Have This Ready for Your D&O Insurance Quote
- Your most recent financial statements, or your annual budget for a nonprofit.
- A list of directors and officers, and your ownership or membership structure.
- Any planned funding round, sale, merger or public offering.
- Any claims, lawsuits or regulatory letters from the last five years.
Who provides D&O insurance in Miami?
American US Insurance is an independent, bilingual insurance agency headquartered in Kendall that places D&O coverage for companies and boards across South Florida. We start with your structure, your financials and any change ahead, such as a funding round or a sale, because each one changes what a carrier will offer. Then we compare D&O providers across multiple A-rated carriers and walk your board through the exclusions before you sign. We work with companies in Miami, Brickell, Doral and Coral Gables.
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Tell us about your company and board. We compare multiple A-rated carriers and provide a clear breakdown with every Florida D&O quote, explaining exactly how it handles defense costs.
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