Compare directors and officers liability insurance quotes (D&O)

Business industry

Your risk level varies according to the type of business you operate. So if your business is at a low-risk of making a D&O claim (e.g. small startups), your directors and officers insurance premium will be lower. High-stake businesses, such as large public corporations with many managers, face higher costs each month for a D&O policy, simply due to the increased likelihood of a lawsuit.

Number of employees

The larger your company is in size, the more expensive your D&O insurance policy will be. Having more employees means there are more chances of a mistake being made. Anyone on your board of directors or advisor committee could breach their fiduciary duties or report an error, causing an expensive claim for your insurer to deal with.

Experience

The more experience you have in your industry, the less you’ll be paying for your directors liability insurance. As a seasoned professional, you can show insurers that you’re competent in doing your job without issues arising. On the other hand, if you lack the job experience, you may be paying higher premiums for a while.

Revenue and financial position

Bringing in high revenues typically increases your D&O quote because third parties (e.g. employees, investors) can ask for more in compensation during a legal battle, knowing the business revenue is sustainable. However, if your business is in a good financial position, meaning you probably won’t go bankrupt, insurance companies can also lower your premium due to the reduced likelihood of a bankruptcy claim.

Business insurance history

Your business insurance history plays a large role in determining your D&O insurance quote. If you have a clean, claims-free history, insurers can offer a lower price as it shows you’ve been historically responsible with your business. Having several claims in the past, however, can increase your premium as it shows you're likely to make another one.