Does D&O Cover Securities Claims?
D&O can cover defined securities claims against leaders, and some policies add coverage for the company itself.
Public-company exposure can differ from private-company shareholder claims.
The important divide is the policy’s definition of a securities claim and whether the company itself has an entity grant. Side A and B address individual liability and corporate reimbursement; Side C may protect the organization, sometimes only for securities claims. A derivative demand may have separate investigation-expense treatment rather than the same coverage as a lawsuit. Insured-versus-insured, prior litigation, and conduct provisions can further restrict a claim. Compare the definition, covered defendants, sublimits, retention, defense costs, and allocation terms. Do not assume a private-company policy has the same entity coverage as a public-company form.
Coverage Guides Related to D&O Insurance
Sources for D&O Insurance Answers
- The Chubb Primary Directors & Officers and Entity Securities Liability Insurance. Chubb Group of Insurance Companies; hosted by eperils; I.A–C p.1; I.C p.1; I and III.A–B pp.1–2; VI Reporting pp.3–4; XVII Spouses, Domestic Partners, Estates and Legal Representatives; XX Bankruptcy; form version 14-02-18480 (06/2012). Accessed 2026-09-25.
- Private Company Directors and Officers Liability Coverage. Travelers Casualty and Surety Company of America; I.A–C p.1; III.A–E pp.1–2; III.J–M pp.2–3; IV Exclusions pp.3–4; VI Defense and Settlement pp.6–7; form version PDO-3001 Ed. 01-09. Accessed 2026-09-25.
- Directors and Officers insurance. Insurance Information Institute (Triple-I); What D&O covers; What’s excluded?; The added value of protecting company leaders. Accessed 2026-09-25.