In today’s litigious and highly regulated business environment, Directors and Officers (D&O) face elevated risks and increasing personal liability. Without a dedicated D&O policy in place, their personal assets may be exposed in the event the organization cannot or will not indemnify them. Colonial General Insurance Agency, Inc. offers a flexible and comprehensive Directors and Officers Insurance program designed to protect individual leaders and the organizations they serve.
Overview of the Program From Colonial General
Colonial General is a Managing General Agency and Excess & Surplus Lines Broker with access to a variety of carriers, offering D&O solutions across multiple industries. Whether your client operates a nonprofit, a privately held company, or a publicly traded corporation, Colonial General can help you secure tailored protection that addresses their leadership liability exposures. Some markets are admitted, providing additional flexibility depending on the risk and jurisdiction.
Ideal Accounts and Appetite
This program is suitable for a wide range of organizations, including:
- Nonprofit organizations (charities, foundations, associations)
- Privately held corporations across various industries
- Publicly traded companies with evolving governance risks
D&O insurance through Colonial General can be packaged with related coverages such as Employment Practices Liability Insurance (EPLI), Crime, and Fiduciary Liability, creating a robust management liability solution.
Coverage Highlights and Advantages
Colonial General’s D&O program offers a broad and flexible policy structure with the following key features:
- Smooth excess policy structure with an expansive definition of “drop-down event,” enabling the policy to respond when underlying insurers deny or intend to deny coverage
- No exclusions for bodily injury, property damage, or pollution—uncommon in many standard D&O policies
- Broad definition of "loss," ensuring wider claims applicability
- Targeted “organization vs. insured person” exclusion focused only on collusive internal actions
- Comprehensive definition of "claim" that includes arbitration, mediation, extradition proceedings, subpoenas, and more
- Enhanced Outside Directorship Liability for insureds serving on external boards
Coverage terms and pricing will vary depending on the carrier and the nature of the risk.
Underwriting Notes and Minimum Premiums
Each submission is reviewed individually, and underwriting requirements may differ by carrier. While there is no stated minimum premium, Colonial General works with a range of markets to match your client’s risk profile with the right solution. Submissions with prior claims, board governance issues, or operating in high-risk industries may require additional underwriting scrutiny.
Territories and Availability
This program is available in the following states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Utah, and Wyoming. Availability of admitted or non-admitted markets may vary by state and type of risk.
Why Work With Colonial General
Colonial General brings extensive experience and market access to help agents place complex management liability risks. As a trusted MGA and E&S broker, they provide responsive service, flexible policy structures, and guidance through the placement process. Whether you’re looking to protect the leadership of a growing nonprofit or secure D&O coverage for a mid-sized private firm, Colonial General is a strong partner for your clients’ evolving needs.
Frequently Asked Questions
What types of accounts are a good fit for Colonial General’s D&O program?
Nonprofits, privately held businesses, and publicly traded companies are all eligible. The program is designed to accommodate a broad range of industries and organizational structures.
Can this D&O coverage be packaged with other management liability products?
Yes, in many cases D&O coverage can be packaged with EPLI, Crime, and Fiduciary Liability depending on the client's needs and the carrier’s appetite.
What makes Colonial General’s D&O program different?
The program offers broader definitions of key terms, fewer standard exclusions, and enhanced protection for outside directorships, giving insureds stronger protection in complex scenarios.
Are admitted markets available for this program?
Yes, some admitted markets are available depending on the risk and the state. Colonial General also has access to non-admitted markets when needed.
Which states is the program available in?
This program is available in AZ, CA, CO, ID, NV, NM, UT, and WY.
Need help placing an account? Connect with a market specialist.