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Directors and Officers (D&O) Liability Insurance

AIG helps protect senior leaders from today and tomorrow’s 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 60 years, AIG has provided innovative solutions to help protect directors and officers against claims by competitors, shareholders, and regulators. We have the experience and resources to stay ahead of the rapidly evolving exposures facing public companies, private and non-profit organizations, and financial institutions. 

AIG Directors and Officers Liability Solutions

Our D&O products provide and enhance the protection available to your executives, directors, officers, and board members for a wide range of executive-level, corporate governance-related exposures. AIG can provide D&O Liability, including Side-A Liability, on a standalone basis or as part of modular policy forms that can also address management liability needs such as, Employment Practices Liability, Fiduciary Liability, Crime and Fidelity, and Kidnap, Ransom & Extortion. Bermuda-based placements are available for primary Side-A coverage and excess coverage for all other Financial Lines products.

The Directors & Officers Statement provides transparent and succinct D&O liability coverage for public companies’ executives, featuring:

  • No wrongful act requirement for insured person inquiry, insured person investigation, and extradition request claims

  • Enhanced insuring clauses providing coverage for claims against insureds for wrongful acts committed by other insureds

  • Enhanced crisis loss coverage, including expanded environmental, social, and governance-related categories

  • Simplified entity v. insured exclusion, including plain exceptions for non-indemnifiable loss, loss of insured person in connection with a derivative suit, and claims brought during the bankruptcy of an organization

  • Removed ‘and necessary’ condition from all covered costs: defense costs, derivative investigation costs, liberty protection costs, asset protection costs, class certification event study expenses, clawback assistance costs, personal reputation expenses, and books and records demand costs coverages

Learn More About the AIG Statement SeriesSM

Directors & Officers Statement: Policy Sample (PDF)

Directors & Officers Statement: Declaration Sample (PDF)

Directors & Officers Statement: Crisis Fund Appendix (PDF)

Directors & Officers Statement: Related Investigation Costs Appendix (PDF)

Coverage for executives of private companies and non-profit organizations against suits from numerous constituents, such as employees, shareholders, customers, governmental bodies, and others, including: 

  • Investigative cost coverage for derivative demands
  • Extended coverage for investigations of individual insureds
  • Roadshow coverage, and more.

Directors & Officers Side A Statement extends protection through optional additional limit structure.

  • 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, broad choice of counsel, and broad insured capacity.

Learn More About the AIG Statement SeriesSM

Directors & Officers Side A Statement: Policy Sample (PDF)

Directors & Officers Side A Statement: Declarations Sample (PDF)

Side A DIC Claims Scenarios (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)

SAME: Endorsement Sample (PDF)

Management liability captive solutions for corporations looking to use the empowerment of the Delaware General Corporation Law (DGCL) or similar empowerments enacted by other states.


About AIG D&O Captive Solutions (PDF)

Statement Series

The AIG Statement SeriesSM provides succinct and transparent management liability coverage to help protect companies and their directors and officers from a wide range of exposures. We offer straightforward, statement-making products that adhere to the highest industry standards. 

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Forms and Applications

Find application forms for each of our Management and Professional Liability products.

See all forms

Brokers: Meet Your AIG Team

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

Downloadable Materials

Download PDF [94.4 kb]

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aig-statement-series-highlight-sheet.pdf
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94 KB
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application/pdf
AIG Statement Series

Download PDF [408.4 kb]

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d-and-o-statement-policy.pdf
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408 KB
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application/pdf
Directors & Officers Statement: Policy Sample

Download PDF [268.0 kb]

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d-and-o-statement-declarations.pdf
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267 KB
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application/pdf
Directors & Officers Statement: Declaration Sample

Download PDF [131.2 kb]

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d-and-o-statement-crisis-fund-appendix.pdf
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131 KB
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application/pdf
Directors & Officers Statement: Crisis Fund Appendix

Download PDF [86.4 kb]

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d-and-o-statement-related-investigation-appendix.pdf
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86 KB
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application/pdf
Directors & Officers Statement: Related Investigation Costs Appendix

Download PDF [383.4 kb]

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d-and-o-side-a-statement-policy.pdf
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383 KB
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application/pdf
Directors & Officers Side A Statement: Policy Sample

Download PDF [230.5 kb]

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d-and-o-side-a-statement-declarations.pdf
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230 KB
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application/pdf
Directors & Officers Side A Statement: Declarations Sample

Download PDF [65.0 kb]

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

Download PDF [40.6 kb]

Filename
same-endorsement-brochure.pdf
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40 KB
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application/pdf
SAME Sample Endorsement

Download PDF [202.4 kb]

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

Download PDF [73.7 kb]

Filename
aig-d-and-o-captive-solutions.pdf
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73 KB
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application/pdf
D&O Captive Solutions

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 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 fails to or is financially unable to pay for indemnification. This may happen if the company is legally unable to pay due to corporate law or financial insolvency. In this case, the individual director/officer is still protected.

With Side B coverage, coverage responds for the company to the extent indemnification by the company is available.

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.

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