Directors and Officers Insurance

Overview of the Program From Colonial General Insurance Agency, Inc.

Colonial General operates as a Managing General Agency and an Excess & Surplus Lines broker with broad market access. That position lets us place D&O solutions for nonprofits, privately held firms, and publicly traded companies. We can access admitted markets where available and use non-admitted capacity when needed to achieve terms that match your client’s exposures and jurisdictional requirements.

Ideal Accounts and Appetite

This D&O program is a strong fit for:

• Nonprofit organizations (charities, foundations, trade associations)
• Privately held companies across a wide range of industries
• Public companies and pre-IPO firms managing evolving governance risks

The program commonly accommodates mid-market accounts and organizations with standard governance structures. It can also be packaged with Employment Practices Liability (EPLI), Crime, and Fiduciary Liability to create a consolidated management liability solution.

Coverage Highlights and Advantages

Key features agents can expect from Colonial General’s D&O program include:

• Smooth excess policy structure with an expansive definition of “drop-down event,” allowing the excess to respond when underlying carriers deny or intend to deny coverage.
• No automatic exclusions for bodily injury, property damage, or pollution—broader than many standard D&O forms.
• A broad definition of “loss,” improving the policy’s ability to respond to diverse claim types.
• A targeted “organization vs. insured person” exclusion that focuses on collusive internal actions rather than sweeping corporate exclusions.
• A comprehensive definition of “claim” that includes arbitration, mediation, extradition proceedings, subpoenas, and similar proceedings.
• Enhanced Outside Directorship Liability for insureds serving on external boards.

Specific terms and pricing will vary by carrier and the nature of the risk; Colonial General uses its market relationships to secure competitive and appropriate wording.

Underwriting Notes and Minimum Premiums

Each submission is underwritten on its own merits. Underwriting requirements and appetite vary by carrier—submissions with prior D&O claims, governance or fiduciary concerns, or operations in higher-risk industries will receive additional scrutiny. While there is no published blanket minimum premium, Colonial General places accounts across admitted and non-admitted markets to match cost and coverage needs.

Territories and Availability

This program is available in the following states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Utah, and Wyoming. Availability of admitted versus non-admitted markets varies by state and by the specifics of the account.

Why Work With Colonial General

As an experienced MGA and E&S broker, Colonial General provides depth of market access and practical placement guidance. Agents benefit from responsive underwriting, flexible policy structures, and the ability to package related management liability coverages. Our approach helps you place complex leadership-risk accounts efficiently while seeking contract language that better protects insureds.

Example Accounts

• You have a regional nonprofit with volunteer board members facing increasing regulatory oversight—this program can provide director-level protection and limit board members’ personal exposure.
• You represent a privately held technology firm preparing for a capital raise—Colonial General can help structure D&O limits and outside directors coverage to address investor and governance concerns.

Frequently Asked Questions

Need help placing an account? Connect with a market specialist.