Producer Resource Center

Directors & Officers (D&O) Liability & Employment Practices Liability Insurance (EPLI)

The Landy Agency offers Directors & Officers (D&O) and Employment Practices Liability (EPLI) insurance policies to both private and public companies as well as not-for -profit organizations. Directors & Officers Liability insurance can be paired with Employment Practices Liability in one policy, or either can be purchased separately.

Landy Insurance provides plans to fit almost any business or non-profit organization. Current clients include youth and adult sports leagues, religious and educational institutions, home-owner associations, trade group associations, museums, IT, Real Estate, Legal, Accounting and numerous other industries and organizations.

Landy offers coverage through several highly-rated carriers, and is available directly to business and organizations, or through licensed insurance producers.

Directors & Officers (D&O) Liability

Directors & Officers Liability Insurance protects the personal assets of corporate directors and officers, and volunteer or paid board members of a non-profit entity, against actual or alleged acts while acting in the capacity of a director, officer or board member. Coverage can be extended to volunteers and committee members.

• Directors & Officers Liability Insurance Application (PDF)
• Directors & Officers Liability Insurance Application - Not-For-Profit (PDF)

Employment Practices Liability Insurance (EPLI)

Employment Practices Liability insurance protects a business against lawsuits from past or present employees alleging wrongful termination, racial, sexual or gender discrimination, workplace harassment or retaliation. Coverage can include claims made by independent contractors, customers and vendors.

• Employment Practices Liability Insurance Application (PDF)

What to Look For:

Key considerations in choosing coverage include whether protection is needed for Independent Contractors, Crime and Fiduciary coverage and coverage for volunteers and committee members. Crime and Fiduciary coverage can also be obtained separately if higher limits, computer fraud or broader policy language is desired.

• Crime Insurance Application (PDF)
• Optional Wire Fraud Transfer Coverage Application (PDF)

Common D&O/EPLI Questions Can Directors be held personally liable for actions taken on behalf of a business or organization? Yes, individual board members, as well as committee members and/or volunteers can be held personally liable for alleged negligence, failing to fulfill fiduciary duties, duties of loyalty and care and many other acts or omissions. How do I determine what is the right D&O and EPLI coverage for my entity? Some of the things to consider include whether independent contractors or volunteers are used; does the company have a Human Resources Department and Personnel Manual; who manages the finances and is responsible for paying bills, payroll and other expenses; if a non-profit entity, are there By-Laws that explain rules of conduct, membership and other forms of participation Can I Get Coverage for D&O or EPLI on my Errors & Omissions or BOP (Business Owners Policy)? Some Errors & Omissions or BOP policies include some coverage. Limits are typically low (I.e. $10,000-$50,000) and coverage is limited. This coverage will not protect all board members, only the Insured covered in the E&O or BOP policy. It is recommended that the entity itself hold more complete coverage spanning the activities of all members, volunteers, etc on behalf of the entity.

For More Information Call 800-336-5422

John Torvi - Extension 117 • E-mail John | Betsy Magnuson - Extension 108 • E-mail Betsy