Corgi Coverage
Directors & Officers
D&O insurance protects the personal assets of corporate directors and officers, and their spouses, in the event they are personally sued for actual or alleged wrongful acts in managing a company.
Who needs D&O Insurance?
It's crucial for companies where directors and officers could be held liable for company actions.
When it's needed
As soon as a company forms a board of directors, D&O insurance should be considered to protect against claims from employees, regulators, investors, and others.
Why is D&O Insurance important?
Directors and Officers Insurance safeguards personal assets against claims that could be financially devastating without coverage.
Is it legally required?
Not legally required, but often mandated by investors or board members before they will take a board seat.
What is covered?
Typically covers legal fees, settlements, and other costs associated with defense against claims targeting directors and officers' decisions.
How much does it cost?
For $1M of coverage:
Pre-Seed/Seed Stage: $150-$1000/month
Series A-B: $400-$2000/month
Series C+: Variable, depending on industry and risks.
Pre-Seed/Seed Stage: $150-$1000/month
Series A-B: $400-$2000/month
Series C+: Variable, depending on industry and risks.
Sound like something your customers need?
Start offering Directors and Officers Insurance directly through your product with Corgi. Book a demo to learn how.
