Corporate coverage
Directors & Officers Liability
Protection for your company's leaders.
Corporate directors and officers (D&O) liability that covers your company itself (the business, its directors and officers), offered through Parallax Insurance Services and placed with Corgi Insurance. Subject to underwriting.
What your company gets
Placed with Corgi Insurance.
Underwritten by Technology Risk Retention Group.
$1M per claim.
Defense, settlements and judgments.
Personal protection.
Covers leaders directly when the company can't.
Company reimbursement.
Repays the company when it covers its leaders.
Entity coverage.
Covers the company itself on covered claims.
Choose your own lawyer.
You pick defense counsel, and costs are advanced.
Maximize your D&O limits
Raise your limit from $1M up to $10M as your business and investor base grow.
Standard
$1M per claim.
Higher limits
Up to $10M.
Retention
$0 individuals, $25K company.
Why you need it
Your company is the insured.
The policy names your business and its leaders, not your contractors.
Help with legal costs.
Defense is advanced for covered claims and regulatory investigations.
It's your company's policy.
Held by the business, separate from the coverage your contractors carry.
How it works
- 1
Apply
Complete the application with your business details. Most quotes return in a few days.
- 2
Sign
Sign the application by DocuSign as soon as you submit, so it's ready when your pricing comes back.
- 3
Bind
Once your pricing is confirmed, pay through the secure payment link your specialist sends and your policy binds. No recurring reporting is needed.
- 4
Claims
Submit the claim to GigSafe. Report claims as soon as you receive them.
Filing a claim: Send any demand letter or legal papers you receive.
Underwriting criteria
Common questions
Is it claims-made?
Yes. A claim must be first made during the policy period to be covered.
Do legal costs reduce the limit?
Yes. Defense costs are paid within the limit and reduce what's left for settlements.
What claims are covered?
Investor misrepresentation claims, breach of fiduciary duty, and regulatory defense for directors and officers.
What isn't covered?
Public offering securities claims, professional errors, employment and ERISA claims, injury, property damage and criminal fines.
What about fraud?
It's excluded only after a final, non-appealable ruling, so defense continues until then.
Is this for my company or my contractors?
Your company. It protects the business and its leadership, on top of any coverage your contractors carry.
Notes
- 1 Underwritten by Technology Risk Retention Group, Inc. or a partner carrier, through Corgi.
- 2 Claims-made: a claim must be first made during the policy period. Defense costs are paid within the limit.
This page is a summary, not a policy. Coverage is subject to underwriting and to the terms, conditions and exclusions of the policy issued.
Ready to get Directors & Officers Liability?
A Parallax specialist reviews every application and follows up with your quote.