Directors & Officers
Directors & Officers (D&O) Insurance: What it Covers
D&O policies are designed to provide coverage against personal losses, given that the insured individuals are sued personally (due to their actual or alleged illegal acts) in organizational management. In addition, these policies usually cover legal fees and, in some cases, settlement costs. Organizations of all sizes can obtain D&O insurance policies for employee coverage.
D&O policies can offer coverage against different types of claims that attest to wrongdoing, such as:
- Stealing the firm’s intellectual assets
- Improper usage of company funds
Note: A D&O insurance policy is not liable for covering actual stealing. These policies effectively help protect against allegations in case no incident of actual malpractice happens. D&O policies do not cover fraud, personal profiting, bodily injury, and/or property damage.
D&O Insurance: Important Coverage
D&O policies help protect against different types of claims. First, however, it is essential to understand the types of coverage provided under the insurance policy. Some typical coverage includes:
- Coverage for an organization’s directors and officers in the event that the organization cannot compensate the individuals for the losses (typically legal defense costs and settlements).
- Reimbursement to the organization while compensating the directors and officers for losses.
- “Entity Coverage”- covering the organization when the company and its officers are named under a lawsuit.
- Coverage against shareholder lawsuits.
- D&O policies offer coverage against the personal assets of the directors and officers in the event that they are sued. Your organization’s general liability insurance may not provide coverage to individuals.
- One can be sued individually and separately from the organization. They might need D&O coverage for legal fees in their defense, even if they are not guilty.
This is by far one of the best insurance companies I have ever worked with. The staffs are very professional, and they reply in a timely manner. I did not have to go through multiple people like you would at GEICO or other big insurance firm to get my answers. For all your insurance needs such as disability, life, auto, house, etc.; these guys are amazing, and I would recommend them to everyone.
April 16 2022
Massey Clark Fisher is an invaluable resource when you are trying to find the insurance coverage you need.
March 30 2022
Hank and his staff are very professional and friendly. They always give us quick response. We recommend them for all your insurance needs.
October 14 2020
Hank is very knowledge about the insurance industry and provides trustworthy service to his clients. - Esther Zapata Ruderman
September 11 2020
You can be confident when you do business with Hank Massey that your insurance needs will be taken care of in a professional and caring manner. The office is great to work!
August 19 2020
Professional service without loosing the personal touch. I have used them many times over the years and I have always pleased with their recommendations. Recently I needed a new policy for my rental. It was a challenge, but they didn't give up until they found the solution.
August 10 2020
Great deals. Lots of insurance options!
June 16 2020
They were an excellent resource. Worked tirelessly to find the best policy for our application. Much gratitude for the significant savings!
June 02 2020
Quick response. Very helpful in finding a policy that's right for my needs! Friendly staff!
June 02 2020
Hank, I made the change last year to use your services. Your staff is always friendly and extremely professional.
June 02 2020
My company partners with local insurance providers as we help clients with purchasing a home. Hank and his team are responsive and have helped clients become homeowners in Palm Beach County.
June 02 2020
Hank, thank you so much for your work and quick response.
March 06 2020
Kudos to MCF. Great service. Woud recommend.
December 17 2019
Experienced agents. Excellent services.
December 12 2019
Getting insurance has never been this easy! Definitely recommend going to Massey, Clark, Fischer.
November 25 2019
Massey, Clark, Fischer is a professional insurance agency located in West Palm Beach area. They are always willing and ready to help you with any insurance needs one may have. Not only this Agency has years in business, but they are extremely knowledgeable and prompt when it comes to service. Their policyholders and employees are Very important to them. I am proud to be part of of this agency.
October 12 2018
Trusted adviser with our insurance policies. Quick to respond to any questions.
October 11 2018
Hank Massey and his firm have been practicing in the insurance business in Palm Beach County for decades and continue to provide excellent insurance service, for both personal and business needs. I would highly recommend his firm for all your insurance needs.
September 30 2018
I have been with Massey Clark Fischer for many years and have several policies with them...The owner, as well as my agent, offer personalized service and genuinely seem to care...They call back when they’re supposed to,are knowledgeable of their product, and follow through with any requests I may have...Real Human Beings! Highly recommend!!
September 27 2018
Working with MCF has been a life changing experience. This is a hybrid agency that evolves with the insurance industry changes. You will find an extremely experienced, and helpful service team that will strive to get you the best option to fit your needs. I highly recommend you allow us to review your insurance portfolio to ensure you are receiving the best bang for the buck. #muckbunnymarykay
September 25 2018
MCF has taken care of my insurance needs for the past 10 years, and I would highly recommend their services! As opposed to selling a specific product or roping you in to a single plan, Mr. Massey and his team can compare rates and policies to fit your individual needs. From the friendly staff to the great customer service, I highly recommend the professionals at MCF!
September 08 2018
Wonderful service! The staff is knowledgeable, quick to answer any questions, and trustworthy. It gives our family peace of mind knowing MCF is behind us.
September 04 2018
Working for Massey, Clark, Fisher, Inc. is a pleasure couldn't asked for a better palace to work. Everyone here is very friendly, helpful, professional and make you feel part of the Family. Thank you for having me.
August 09 2018
I started working for Massey Clark Fischer Inc in 2001. Everyone here feels like family. Hank Massey and Eric Fischer are very easy to work for. We all care about our clients. Our dedication to the clients is our main focus.
August 08 2018
My husband and I have been doing business with Massey Clark Fisher since the 80s. They are extremely professional and still treat you as family. Through the years I have had many insurance needs and work with me to determine the best product at the best price!
August 08 2018
Great team 👍
August 08 2018
Great service nice staff
August 07 2018
We have used Hank and his firm for our personal and business insurance needs for the past few years. Great Firm. They have always been extremely responsive and willing to work for the best insurance for us. Highly Recommend them!
July 31 2018
Hank and his team are great! I would highly recommend this company!
July 31 2018
Working with Hank and his team has been an awesome experience! Massey Clark Fischer is an excellent company. I highly recommend them.
July 30 2018
I interned here for my community service hours, and i had a great time. Everyone is very helpful and very nice.
July 26 2018
Very helpful! Have been able to answer any questions that we have had and have guided us to find the exact coverage for our needs. Our mortgage company failed to pay our premium and our homeowner’s policy got cancelled. They were able to get the situation fixed painlessly for us! Highly recommend!!!
July 19 2018
It is a great honor and pleasure to work at Massey Clark Fischer.” We are truly a Family ♥
June 20 2018
Most professional agency with the friendliest and kindest licensed agents! They are the most helpful in getting you the best rate out there.
June 18 2018
Great experience with the team at Massey! Definitely recommend them.
January 23 2018
Awesome firm. Very personal service. Highly recommended. Use them for both my personal and business needs! Hank is the true epitome of an insurance professional.
February 09 2017