Hendrickson Insurance
Hendrickson Insurance
Directors and Officers liability insurance protects the personal assets of corporate directors and officers (and the organization itself) from claims arising from board service and executive decisions. Critical for Florida nonprofits, private companies with outside investors, and any business with a formal board structure. Hendrickson Insurance writes D&O for organizations across Sarasota, Bradenton, Tampa, St. Petersburg, Clearwater, Venice, and Lakewood Ranch.
Personal asset protection when the organization cannot or will not indemnify. The reason board members agree to serve in the first place.
Reimburses the organization when it indemnifies directors and officers as required by bylaws or law.
For private companies and nonprofits, coverage of the organization itself for certain securities-related claims and breach of fiduciary duty claims naming the entity.
Any organization with a board or officers who make decisions on behalf of others: nonprofits, associations, private companies, and startups. Directors and officers insurance covers the personal liability of those individuals when they are sued over a decision, by a donor, a member, an investor, a regulator, or an employee. Without it, personal assets are exposed, and neither general liability nor a business owners policy responds to these claims.
On the Gulf Coast a large share of D&O demand is nonprofit and HOA boards. Volunteer board members are personally on the hook, and many will not serve without D&O in place. We write D&O for Sarasota, Bradenton, and Tampa nonprofits, associations, and private companies, standalone or alongside EPLI, which frequently pairs with it.
Call 941-952-7991 with your organization type and revenue and we will quote it.
Executive employment claims often trigger both D&O and EPLI.
02 / Related CoverageDistinct from D&O; E&O covers professional services while D&O covers board decisions.
03 / Related CoverageSeparate from D&O; commercial umbrella covers operational liability, D&O covers governance.
04 / Related CoverageHOA boards face significant D&O exposure.
Directors and Officers (D&O) liability insurance protects the personal assets of corporate directors and officers (and the corporation itself) against claims arising from their decisions and actions in those roles. Typical claims involve breach of fiduciary duty, mismanagement allegations, regulatory inquiries, employment-related claims at the executive level, and shareholder disputes (for private companies with outside investors).
Yes. Florida nonprofits often have the highest D&O claim frequency of any organization type because board members are usually volunteers who can be personally sued for board decisions. Without D&O, board members put their personal assets at risk. Most Florida nonprofits with any meaningful operations should carry D&O, and many board members will require it before agreeing to serve.
Call 941-952-7991. Have your organization's revenue or budget, employee count, board structure, financial statements, and prior claims history ready. D&O underwriting varies significantly between for-profit and nonprofit forms.
Call 941-952-7991 or schedule online. Have financials and board structure ready.
Dennis Hendrickson changed a New Jersey state tennis rule at 17 and played four years of Division I tennis at UNC Charlotte. Today he writes both the commercial and the personal insurance for Gulf Coast owners himself, and he works a renewal or a claim the way he played: nothing conceded, no point given away.
When you apply, he answers. Every application goes straight to Dennis. He reads it himself and responds the same business day in most cases, always within 48 hours.
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