Utah Directors and Officers Insurance

Protecting your investment

Managers make tough calls every day. The issues and conflicts that come up while managing a business are complex and complicated by ever-changing government regulation. Mistakes are bound to be made, putting your company at the risk of being sued.


What a lot of people don’t realize is that litigators don’t just go after the company, they often go after the individuals running the company. That’s scary territory when someone can go after your personal assets and it’s something that general business liability or umbrella insurance doesn’t cover.


The right Utah Directors and Officers Insurance policy is an essential part of your Path to Protection for public, private, and non-profit companies. This coverages helps keep your managers covered when they are singled out and targeted by lawsuits.


D&O Insurance can help provide the funding to settle lawsuits quickly and discretely, which in this day and age can be priceless.


What Does Directors and Officers Insurance Cover?

The most common business exposures that can threaten your livelihood are employment and HR issues like sexual harassment, wrongful termination, and discrimination. A lot of the time, it’s not even something that your officers did, just that they didn’t actively enforce employee regulations every single time.


In Utah, D&O Insurance also covers you in case you are found liable for unintentional wrongful acts including reporting errors, inaccurate or inadequate disclosures, decisions that exceeded the actual authority of the manager, and acts in connection to the company’s stocks.

The most common parties to bring these kinds of lawsuits against a manager include employees, vendors, customers, competitors, investors, and shareholders. Some of these have the potential to turn into class-action suits which can demand 10-figure settlements.


There’s also litigation from government regulators. After 2008, the increase in post-recession regulations has created additional exposures for your company by placing enormous pressure on directors to be everywhere at once to make sure your company and all its employees are complying.


This type of coverage is purchased not by the individual, but by the company and it’s a great benefit to attract and retain your directors. Your policy will be your own and there are ways to amend it to include a grace period following the end of the policy or make it retroactive.


A Utah Directors and Officers Insurance policy can help individual officers recover losses from awards and settlements from litigation, litigation costs, and may advance funds to be used for your defense. It can also reimburse the company if you paid out a settlement to protect your officer.


According to a 2012 Towers Watson D&O Liability survey, around 1 in 3 companies had one of these claims brought against them.


If those odds aren’t comforting, our Path to Protection will bring you to a better night’s sleep and happier, more effective managers. Our SIG agents will patiently explain your options because it’s important to us that you are informed and confident in your coverage.

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Additional coverages to consider

General Liability

General Liability Insurance will be the perfect and complete Path to Protection and for others it will be one of the pivotal stepping stones that makes up the larger path to comprehensive coverage.

Workers Comp

Workers’ Compensation Insurance is made up of two roads leading to security: one that benefits the workers and one that benefits the employer. Together, they provide a safeguard that covers everyone.