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What Directors and Officers (D&O) Insurance Requirements Apply in Nevada?

For a Nevada domestic corporation, NRS 78.138 requires a duty breach plus intentional misconduct, fraud, or a knowing violation of law before a director or officer can face personal liability for damages. Nevada’s corporate rules are entity-specific, so identify the insured’s incorporation jurisdiction and whether it is a corporation, LLC, or nonprofit before applying Chapter 78.

What Is D&O Insurance?

D&O insurance can help pay covered defense costs and losses from claims against company leaders over management decisions. If your organization has a board or executives, check whether the company itself is insured and whether legal bills reduce the limit. Read the national Directors and officers guide.

What Should You Watch for With D&O Insurance in Nevada?

  • Liability Requires Both a Duty Breach and Specified Misconduct

    Under NRS 78.138, a plaintiff must establish a breach of the director’s or officer’s fiduciary duties and intentional misconduct, fraud, or a knowing violation of law; a presumption protects good-faith decisions made on an informed basis. Ask the broker how the policy treats defense costs before those issues are resolved. 1

  • Derivative Indemnity Can Require a Court Decision

    NRS 78.7502 generally restricts indemnity after the person is adjudged liable to the corporation or settles with it, unless a court finds expense indemnity fair and reasonable. Ask whether the policy can advance defense expenses while the claim is pending. 1

  • Nevada LLCs and Nonprofits Use Different Statutes

    Nevada separately codifies private corporations, LLCs, and nonprofit corporations in Chapters 78, 86, and 82. Confirm each insured’s legal form and chartering state; do not apply NRS 78.138 to every Nevada business. 2,1

Which D&O Insurance Providers Have Documented Nevada Licenses?

These providers publish a national listing for Directors and officers; the state records document licenses for the entities and roles shown below. Some records rely on company-reported information rather than independent regulator verification. A national listing does not confirm the product is available in Nevada. Check the regulator’s license lookup and confirm state availability for your business when requesting a quote.

  • Coalition

    Coalition Insurance Solutions, Inc.

    Insurance producer, Surplus-lines broker · checked 2026-09-28

    Coalition’s license page lists producer and surplus-lines licenses for Coalition Insurance Solutions, Inc. in all 50 states and the District of Columbia. The page separately lists insurers; this record covers the brokerage entity only. 11

    Coalition offers directors and officers liability through its executive-risks product for private and nonprofit US organizations.

  • Corgi

    Corgi Insurance Services, Inc.

    Insurance producer · checked 2026-09-28

    Corgi’s company producer-license table lists 50 jurisdictions: 49 states and the District of Columbia, including DC license 3003091619. New Mexico does not appear in the table and is not included here; the omission does not establish that Corgi is unlicensed there. The company-reported table has no stated as-of date and does not establish product availability. 12

    Corgi lists directors and officers insurance among its business insurance offerings.

  • TechInsurance

    Specialty Program Group LLC

    Insurance producer · checked 2026-09-28

    TechInsurance’s current licensing page names Specialty Program Group LLC / SPG Insurance Solutions and lists state license numbers, but labels Rhode Island “Individual licenses” rather than identifying a license for the named agency. RI is omitted because this disclosure does not establish agency authority there; this is a search limitation, not an assertion that the company is unlicensed. The remaining state entries are company-reported and are not an insurance product availability map. 15

    TechInsurance arranges directors and officers liability insurance for small businesses.

  • Vouch

    Vouch Specialty Insurance Services, LLC

    Insurance producer, Surplus-lines broker · checked 2026-09-28

    Vouch’s licenses page, effective January 16, 2025, lists producer licenses in all 50 states and DC. Its separate surplus-lines table includes Idaho number 870820, while a footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses. Because those statements conflict for Idaho, this record keeps Idaho producer-only and does not treat the table number as established agency surplus-lines authority. The page is company-reported and does not establish product availability. 16

    Vouch lists directors and officers insurance in its technology-company programs.

Who Regulates Insurance in Nevada?

Nevada Division of Insurance

The Nevada Division of Insurance regulates insurers and producers and provides a license verification tool for agents, agencies and companies. Its Consumer Services unit accepts insurance complaints and questions. 3,4,5

Surplus-Lines Tax and Stamping Office in Nevada

Reported tax rate. Same tax rate as admitted coverage of the same kind; an approved filing fee may also apply 6,7,8,9

When Nevada is the insured’s home state, Nevada taxes surplus-lines coverage at the rate imposed on similar admitted coverage and adds any approved filing fee; the rate therefore depends on the line and applicable fee approval. Nevada law requires a diligent effort to place coverage with authorized insurers except where the statutory exempt-commercial-purchaser conditions apply, and the policy must warn that the Nevada Insurance Guaranty Association will not cover the contract.

What Should You Ask Before Buying D&O Insurance in Nevada?

  1. Was each named organization incorporated under Nevada Chapter 78, or is it an LLC, nonprofit, or foreign corporation?
  2. How does the policy handle defense expenses before a court decides the NRS 78.138 duty-breach and misconduct elements?
  3. If the corporation cannot indemnify after an adverse derivative finding, what policy wording governs direct payment to the individual?

D&O Insurance in Nevada: Frequently Asked Questions

When can a Nevada corporation’s director face personal damages liability?

After the claimant establishes a breach of fiduciary duty and proves intentional misconduct, fraud, or a knowing violation of law under NRS 78.138. The section’s presumptions and definitions also matter. 1

Can a Nevada corporation buy D&O insurance beyond its indemnification power?

Yes. NRS 78.752 allows a corporation to purchase insurance for director and officer liabilities whether or not the corporation has authority to indemnify them. The insurance contract determines coverage. 1

Sources for D&O Insurance in Nevada

  1. Nevada Revised Statutes, Chapter 78. Nevada Legislature; NRS 78.138; 78.7502; 78.751; 78.752. Accessed 2026-09-28.
  2. Nevada Revised Statutes, Chapter 86. Nevada Legislature; Limited-Liability Companies; separate entity statute. Accessed 2026-09-28.
  3. Nevada Division of Insurance. Nevada Division of Insurance; Official regulator homepage; current page describes insurance oversight and consumer services. Accessed 2026-09-28.
  4. Verify a License. Nevada Division of Insurance; Official Verify a License destination (redirects to di.nv.gov licensing search); regulator materials identify agent/company license verification there. Accessed 2026-09-28.
  5. File a Complaint. Nevada Division of Insurance; Official consumer complaint destination; Division Consumer Services handles insurance complaints; toll-free 888-872-3234. Accessed 2026-09-28.
  6. NRS Chapter 685A, Nonadmitted Insurance. Nevada Legislature; Current codification, revised April 15, 2026; §685A.130 diligent effort/exempt purchaser provisions; §685A.155 broker fees. Accessed 2026-09-28.
  7. NRS §685A.175. Nevada Legislature; Current codification says Nevada-home-state surplus-lines premium tax equals the rate on similar admitted coverage and includes fees imposed under §685A.075. Accessed 2026-09-28.
  8. NRS §§685A.032, 685A.130. Nevada Legislature; Defines exempt commercial purchaser and sets placement/search provisions; assess full statutory criteria before treating a placement as exempt. Accessed 2026-09-28.
  9. NRS §685A.090. Nevada Legislature; Mandated policy text says a claim under the nonadmitted contract is not covered by the Nevada Insurance Guaranty Association Act. Accessed 2026-09-28.
  10. Licenses. At-Bay; Current producer introduction and state table; At-Bay Insurance Services LLC; P&C and surplus-lines identifiers. Accessed 2026-09-21.
  11. Licenses and Carriers. Coalition; Licenses and Carriers, re-read 22 September 2026: Insurance Licenses table for Coalition Insurance Solutions, Inc., national producer number 18419475, with producer and surplus-lines numbers for all 50 states and DC including California 0L76155, Georgia 196479, Texas 2199630 and 2205589, Pennsylvania 815731 and 817452, Colorado 539028 and Wisconsin 3000108852. Insurance Carriers table naming, with NAIC numbers, Allianz Underwriters Insurance Company 36420, Arch Specialty Insurance Company 21199, Ascot Specialty Insurance Company 45055, Ascot Insurance Company 23752, Aspen Specialty Insurance Company 10717, Chaucer Insurance Company DAC, Coalition Insurance Company 29530, Fireman's Fund Indemnity Corporation 11380, Fortegra Specialty Insurance Company 16823, Lloyd's of London, MSIG Specialty Insurance USA Inc. 34886, MS Transverse Specialty Insurance Company 41807, Steadfast Insurance Company 26387, Vantage Risk Specialty Insurance Company 16275 and Zurich American Insurance Company 16535. Accessed 2026-09-22.
  12. Insurance Producer Licenses. Corgi Insurance; Current complete Insurance Producer Licenses table for Corgi Insurance Services, Inc.; 50 rows covering 49 states and DC (DC 3003091619); no New Mexico row; no NPN or as-of date shown. Accessed 2026-09-28.
  13. About Hiscox US Insurance. Hiscox; Hiscox Insurance Company Inc. NAIC 10200 as Chicago, IL domiciled insurer admitted or licensed in all 50 states and D.C.; Hiscox Inc. as general agent and Lloyd’s coverholder for Syndicates 33 and 3624; surplus-lines placements through licensed surplus-lines brokers; A.M. Best rating statement. Accessed 2026-09-16.
  14. Licenses. ERGO NEXT Insurance; Current entity-by-state license table reopened 28 September 2026: 50 rows under Next First Insurance Agency, Inc., including Washington, DC; New York rows instead list Next Insurance Services PC-1423070 and AP Intego BR-1198885. Accessed 2026-09-28.
  15. Insurance Licenses by State. TechInsurance; Current state table; identifies TechInsurance as a division of Specialty Program Group LLC d/b/a SPG Insurance Solutions; lists DC 3000041536 and labels Rhode Island “Individual licenses,” without an agency license number. Accessed 2026-09-28.
  16. Licenses. Vouch; Effective 16 January 2025: Vouch Specialty Insurance Services, LLC, NPN 19926463; P&C table (50 states and DC); surplus-lines table includes Idaho 870820; footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses; Idaho retained as producer-only due to conflict. Accessed 2026-09-15.

Updated .

This guide is informational and does not determine whether a policy is available or meets your needs. Editorial policy. To suggest a correction, email The General Average with a supporting source.

D&O Insurance Guides for Other States

Other coverage in NevadaEvery coverage guide for Nevada, plus the regulator and surplus-lines details.

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