Lockton vs Travelers D&O Insurance

Lockton designs and places D&O programs rather than underwriting them, saying effective coverage requires market intelligence, coverage-design precision and staying ahead of emerging risks like AI-related litigation and event-driven claims. ⁴Company-reported. D&O product page as read 2026-09-23.

Travelers underwrites D&O liability insurance as part of its Management & Professional Liability line, sold standalone or alongside other management liability coverages. ⁸Company-reported. Product page general framing; confirmed against the broader Management and Professional Liability Insurance page.

The D&O page does not name the insurers Lockton places D&O coverage with. ⁴Not publicly disclosed. D&O product page checked 2026-09-23.

The product page's video disclosures name Travelers Casualty and Surety Company of America and its property casualty affiliates; the specific issuing entity for a given policy can vary. ⁸Company-reported. Product page video legal footer.

Lockton says D&O coverage it places can extend beyond directors and officers to trustees, employees, independent contractors, staff, committee members, volunteers, the corporate entity, majority-owned subsidiaries, spouses/domestic partners, and estates/heirs. ⁴Company-reported. D&O product page as read 2026-09-23. Describes who can typically be covered under a program Lockton structures, not a guarantee for any specific client.

Travelers markets D&O coverage to private companies, public companies, financial institutions and nonprofit organizations with boards of directors, and offers a version specifically for nonprofit organizations. ⁸Company-reported. Product page "Who is D&O liability insurance right for?" section and nonprofit D&O video segment.

Lockton explains a traditional D&O program in three parts it says it can structure: Side A (direct coverage to individual directors/officers when the company can't indemnify them), Side B (reimbursing the company for indemnifying its D&Os), and Side C (entity coverage, generally limited to securities claims for public companies but broader for private and nonprofit organizations). ⁴Company-reported. D&O product page as read 2026-09-23. General educational description of program structure, not a specimen policy form.

Travelers says D&O insurance protects directors and officers from personal losses if sued by employees, vendors, customers or other parties, covering defense costs, settlements and other costs from wrongful-act allegations such as securities litigation, regulatory actions and breach-of-fiduciary-duty claims. ⁸Company-reported. Product page introduction and "Travelers knows Directors & Officers Liability Insurance" section; exact terms and exclusions are set by the issued policy.

Not described in the reviewed sources.

The reviewed page does not publish D&O limits, retentions or premiums; it references illustrative claim examples (settlements and defense costs from roughly $85,000 to over $1 million) as general risk context, not as policy terms. ⁸Not found in reviewed sources. Product page video claim scenarios as read on 2026-09-23.

Not described in the reviewed sources.

D&O coverage is bought through a Travelers independent agent. ⁸Company-reported. Product page "Find an insurance agent" call to action.

Lockton says its Professional & Executive Risk Claims team integrates experienced insurance and claims counsel within the broking team from the start of the relationship, rather than treating claims advocacy as a separate profit center. ⁴Company-reported. D&O product page as read 2026-09-23.

Not described in the reviewed sources.