Directors and Officers (D&O) Liability Insurance

AIG protects senior leaders from today’s leading and emerging risks.

Why choose AIG for Directors and Officers Liability Insurance?

With D&O litigation on the rise, traditional insurance products may fall short in providing the right protections for your senior leadership. For more than 40 years, AIG has helped protect directors and officers against claims by competitors, shareholders, and regulators. We have the experience and resources to stay ahead of evolving exposures, like increased regulatory scrutiny, public demands for individual accountability, and rising defense and settlement costs. 

AIG provides holistic multinational capabilities with rapid turnaround in 215+ countries and jurisdictions. We have a broad appetite for financially stable companies that value a long-term carrier partnership with sustainable capacity and an integrated claims model.

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The AIG Advantage

AIG provides direct access to some of the nation’s most experienced attorneys for valuable strategic assistance in litigating with even the most formidable attorneys. Our seasoned team of 200 claims professionals handles over 25,000 claims annually, facilitating prompt case resolution and the best possible claim outcomes.

Market Leadership

With 40+ years of experience, AIG is a leader in insuring management liability risks and protecting the directors and officers of public and private companies, non-profit organizations, and financial institutions.

Specialized Underwriting with a Broad Appetite

We engage our financial strength, specialized underwriting, and integrated claims model to customize solutions for distinct industry, company size, and endorsement needs.

Exceptional Claims Support

Our underwriters provide best-in-class service for a smooth, collaborative claims process. This enables timely decisions when response time matters most.

  • Draws on 40+ years of industry knowledge, resources, and data to offer innovative management liability solutions 
  • Engages AIG’s financial strength, specialized underwriting, and integrated claims model to tailor solutions to clients’ industry, company size, and endorsement needs 
  • Provides holistic multinational capabilities with rapid turnaround in approximately 70 countries and jurisdictions to help protect clients wherever they operate

  • Provides bespoke, client-specific, sustainable coverage solutions via AIG’s  vast industry experience 
  • Enables AIG to write customized policies for clients of any size across multiple industry sectors with a renewed focus for smaller private companies 
  • Deploys a team of 50+ underwriters in 14 U.S. cities who focus on providing best-in-class service to brokers and client

  • Utilizes an integrated claims model combining underwriting and claims expertise to provide clients with exceptional service and a smooth, collaborative claims process 
  • Leverages claims expertise and a national network of panel firms to help clients achieve best possible outcomes in the most efficient manner 
  • Enables AIG’s claims professionals to make decisions in a timely manner when response time matters most

Advantages in Action

Challenge

A global non-profit organization sought broad management liability coverage from a carrier with multinational capabilities.

Solution

With deep industry expertise and one of the largest global networks, AIG was able to quickly quote coverage based on the client’s unique exposures and coverage needs, including overseas risks.

AIG Benefit

The new client enhanced its risk protection with appropriate coverage and broad global risk management capabilities.

Challenge

When a fitness industry company was declined coverage by its incumbent carrier, their broker requested a proposal from AIG.

Solution

Despite a difficult insurance purchasing environment for fitness companies, AIG was able to differentiate the client’s risk profile to tailor a sustainable, specific coverage solution.

AIG Benefit

With new coverages in place, the client was ready to resume business as soon as feasible, and AIG and the broker partner enhanced their relationship.

Challenge

An early investor in a start-up company filed suit against its former CEO for fraud and breach of fiduciary duty due to alleged gross mismanagement. Based on the allegations, the company refused to indemnify its former CEO.

Solution

The company’s primary D&O policy would not cover the claim, as the plaintiff was a board member and qualified as an insured under the policy, triggering the Insured vs. Insured exclusion. AIG covered the claim under the client’s Side-A policy based on the form’s DIC feature.

AIG Benefit

The company’s primary D&O policy would not cover the claim, as the plaintiff was a board member and qualified as an insured under the policy, triggering the Insured vs. Insured exclusion. AIG covered the claim under the client’s Side-A policy based on the form’s DIC feature.

AIG Directors and Officers Liability Solutions

Our policy forms provide and enhance the protection available to executives of private and non-profit organizations in multiple ways. AIG policy forms can provide D&O Liability (including Side-A Liability) on a standalone basis or as part of modular policy forms that can also address coverage needs lke, Employment Practices Liability, Fiduciary Liability, Crime and Fidelity, and Kidnap, Ransom & Extortion. We offer Bermuda-based placements for all Financial Lines products available on an excess coverage basis.

Offers broad entity coverage and provides sub-limited coverage for investigative costs arising out of a shareholder derivative demand.

  • Applies to covered wrongful acts committed anywhere in the world.
  • Automatically adds certain acquired subsidiaries as insureds, subject to terms and conditions.
  • Provides liberalization to apply certain more favorable terms and conditions from local AIG policies to claims in foreign jurisdictions.

Application for Public Companies (PDF)

Sample: Public Company Policy (PDF)

D&O litigation against private and non-profit organizations has increased in the past decade. AIG provides broad D&O coverage for both entities and individuals against covered wrongful acts committed anywhere in the world. DIC forms like our Side-A Select form provide further enhancement to the protection available to executives of private and non-profit organizations.

Bespoke management liability insurance solutions address the risks facing directors and officers of U.S.- based private and non-profit organizations. 

  • Available policy forms provide D&O Liability including (Side-A Liability) coverage on a standalone basis and as part of modular policy forms that also address coverage needs like, Employment Practices Liability, Fiduciary Liability, Crime and Fidelity, and Kidnap, Ransom and Extortion.
  • Broad appetite for financially stable companies that value a long-term carrier partnership with sustainable capacity and an integrated claims model.
  • Bermuda-based placements for all Financial Lines products available on an excess coverage basis. 

Private and Non-Profit Directors and Officers Liability (PDF)

More about Side-A Coverage for Private and Non-Profit Entities (PDF)

Extends protection through a per-claim limit structure and optional coverage for additional dedicated limits for specified individuals.

  • Dedicated limits for specified individuals.
  • Expands drop-down coverage to apply whenever corporate indemnification and underlying insurance fails or is refused “for any reason.”
  • Offers more coverage, like broader fines and penalties coverage, explicit coverage for plaintiff attorney’s fees, enhanced pre-claim inquiry coverage, and the availability of separate defense counsel.

About Side-A Select Side-A D&O Liability (PDF)

Provides the same best-in-class Side-A DIC coverage from the first dollar primary throughout the entire tower.

  • By endorsing a primary AIG D&O policy with the SAME endorsement, the Side-A coverage provided by the primary D&O policy matches the breadth of coverage provided by the AIG Side-A DIC policy.
  • Available to clients who purchase both primary D&O insurance and any Side-A DIC coverage from AIG (whether lead or follow form).

About Side-A Match Edge® (SAME) Primary D&O Endorsement (PDF)

Sample: SAME Endorsement (PDF)

Learn more

Brokers: Meet Your AIG Team

View contact information for AIG’s national product and distribution teams.

Downloadable Materials

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aig-private-and-non-profit-directors-and-officers-liability-highlight-sheet.pdf
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Private and Non-Profit Directors and Officers Liability Highlight Sheet

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new-holistic-approach-for-middle-market-highlight-sheet.pdf
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Middle Market Value-Add Overview Highlight Sheet

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side-a-overview.pdf
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Side-A Select Overview

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side-a-match-edge.pdf
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64 KB
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Side-A Match Edge (SAME) Endorsement

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financial-lines-side-a-claims-scenarios.pdf
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202 KB
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Side-A DIC Insurance Claims Scenarios

What is Directors and Officers Liability Insurance?

Directors and Officers (D&O) insurance protects those in senior leadership at an organization from personal loss that may arise if they’re sued as a result of performing their role.

D&O insurance is typically tiered as Side A, B, and C coverage – with Side A offering individuals protection regardless of how their company is covered.

Side A coverage is important for directors and officers for claims where their company refuses to or is financially unable to pay for indemnification. This may happen if the company has filed for bankruptcy. In this case, the individual director/officer is still covered, and their assets are protected.

With Side B coverage, coverage responds for the company to the extent the company does grant indemnification to directors and officers.

Side C coverage is also known as "entity coverage," which includes the company  itself as an insured in the policy. Choosing D&O coverage depends on industry, company size, and risk levels. Leaders may be vulnerable to lawsuits from employees, vendors, competitors, investors, customers, or other parties.



The scenarios described herein are offered only as examples. Coverage depends on the actual facts of each case and the terms, conditions and exclusions of each individual policy. Anyone interested in the above product(s) should request a copy of the standard form of policy for a description of the scope and limitations of coverage.