Insurance Risk Management Solutions for Companies & Homeowners

Directors & Officers Insurance Services

Directors & Officers Insurance covers management and executives for claims made against them while they are serving on a board of directors or as an officer of an organization. In layman’s terms, this type of insurance covers claims resulting from decisions and actions taken by company managers as part of their job duties.

Tower Street Insurance & Risk Management provides the most dependable insurance services for Directors & Officers (D&O) in DallasSouthlakeWestlakeMcKinney, and other cities we serve throughout Texas. We also can protect your homeautovaluables, and more.

Directors and Officers Insurance

What is a D&O Insurance Policy? Why is it Necessary for Your Business?

Directors & Officers (D&O) insurance protects the personal assets of corporate directors and officers, and their spouses, in the event they are personally sued by employees, vendors, competitors, investors, customers, or other parties, for actual or alleged wrongful acts in managing a company. D&O insurance is the financial backing for a standard indemnification provision, which holds officers harmless for losses due to their role in the company.

Directors and Officers Insurance

 

Protections Under a D&O Policy

Directors and officers are can be sued for multiple reasons, including:

  • Breach of fiduciary duty resulting in financial losses or bankruptcy
  • Misrepresentation of company assets
  • Misuse of company funds
  • Fraud
  • Failure to comply with workplace laws
  • Theft of intellectual property and poaching of competitor’s customers
  • Lack of corporate governance

Any business with a corporate board or advisory committee needs D&O insurance, including non-profit organizations.

Directors and Officers Insurance

Commercial Insurance Coverage by Tower Street Insurance & Risk Management

Tower Street Insurance & Risk Management has built its reputation on offering successful families and businesses the highest level of service rooted in transparency and trust. With our extensive resources and exclusive carrier options, we are able to create protection strategies that provide custom solutions with the broadest coverage, superior claims service, and overall best value. It is important to note here that we are an authorized provider of Chubb Insurance.

Why Choose Tower Street Insurance & Risk Management?

Tower Street Insurance & Risk Management creates effective solutions to manage your commercial and personal risks for customers in WestlakeMcKinney, DallasSouthlake, and other cities we serve throughout Texas. It is our privilege to represent and partner with each of our clients. When you need our help, call us at 972-472-2040 or contact us online today. 

  • 100 Carriers
  • 150 Years of Collective Experience
  • 3.5K Written Policies
  • 98% Retention Rate

Our mission is to preserve and protect the future of successful businesses and families through customized risk management and advocacy solutions. We believe in understanding your past in order to provide you with better protection for your future.

Client Advocacy

Financial Growth Icon
100

Carriers

Experience Icon
150

Collective Years of Experience

Umbrella Icon
3.5k

Written Policies

Retention Icon
98%

Retention Role

Reviews from Our Satisfied Customers

I love Tower Street and receive the best service from them! They are reliable, caring, and always supportive. Can’t recommend them enough!

- Abby

Chris is a great insurance advisor. He has extensive knowledge of markets, coverages, and risk. I highly recommend him. I wish I had more business to send him.

- Larry

Ashleigh provides a high level of expertise, competency and personal service to all of her clients. You would be crazy not to use Ashleigh for your personal insurance needs.

- Marc

Top Carriers We Carry on Personal & Commercial Lines:

CHUBB Logo
AIG Logo
Nationwide Private Client Logo
Pure Insurance Logo
Cincinnati Logo
Berkley One Logo
Vault Logo
Safeco Logo
Travelers Logo
The Hanover Insurance Logo
CNA Logo
Texas Mutual Logo
The Hartford Logo
Progressive Logo
UTICA Logo

See the Full List of Carriers We Offer