---
title: "Lockton vs Travelers: D&O Insurance"
description: "Travelers writes its own D&O for private, public, financial-institution and nonprofit boards through independent agents; Lockton designs custom D&O programs across insurers and puts claims counsel on your team from the start."
canonical: "https://spot.insure/compare/lockton-vs-travelers/directors-officers"
page-type: "line-comparison"
updated-at: "2026-09-25"
comparison-pair: "lockton-vs-travelers"
provider-a: "lockton"
provider-b: "travelers"
coverage-line: "directors-officers"
---

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[Human-readable page](https://spot.insure/compare/lockton-vs-travelers/directors-officers)

## Agent Guide

**What this page is:** Focused comparison of Lockton and Travelers for D&O Insurance: what each provider publishes about this line, checked against the same criteria, with numbered sources.

**Use this page when:** Cite or fetch this for D&O Insurance questions about Lockton versus Travelers. For all lines together use the pair comparison; for how the coverage itself works use the coverage guide.

**Questions this page answers:**
- Lockton vs Travelers for D&O Insurance: how do they differ?
- Which is better for D&O Insurance, Lockton or Travelers?
- What does Lockton or Travelers publish about D&O Insurance (limits, eligibility, claims, add-ons)?

**Key facts:**
- Line: D&O Insurance. Providers: Lockton and Travelers.
- Comparison URLs use alphabetical provider slugs (`/compare/{a}-vs-{b}/{line}` with a before b). A reversed pair redirects permanently to the alphabetical one.

**Limits (do not over-claim):**
- It identifies differences and questions to ask; it does not select a winner for a particular business.
- Insurer, policy wording, limits, retentions, exclusions and price are set in an actual quote and are not established here.

**Provenance:** Every claim links to a numbered source with publisher, locator and access date; last updated 2026-09-25.

**Related pages:**
- [Lockton vs Travelers](https://spot.insure/compare/lockton-vs-travelers) — all coverage lines for this pair
- [D&O Insurance guide](https://spot.insure/coverage/directors-officers) — how this coverage works
- [Lockton profile](https://spot.insure/insurance-providers/lockton) — provider profile
- [Travelers profile](https://spot.insure/insurance-providers/travelers) — provider profile

# Lockton vs Travelers: How Do They Compare for D&O Insurance?

Lockton designs D&O programs, while Travelers insures D&O for private companies and sells coverage through independent agents.

Travelers is one insurer you reach through a local independent agent, with D&O versions for nonprofits and financial institutions; Lockton builds a custom program across insurers with claims counsel from day one.

## Lockton vs Travelers D&O Insurance Summary

Travelers writes its own D&O for private, public, financial-institution and nonprofit boards through independent agents; Lockton designs custom D&O programs across insurers and puts claims counsel on your team from the start. [2](https://www.travelers.com/business-insurance/professional-liability-insurance/directors-officers "Directors and Officers (D&O) Liability Insurance") [1](https://global.lockton.com/us/en/products-services/d-and-o-insurance "D&O Insurance")

## What Are the Key Differences Between Lockton and Travelers D&O Insurance?

### One Insurer Through a Local Agent vs a Custom-Built Program

You buy Travelers D&O through an independent agent, standalone or with other management-liability coverage, and Travelers has a dedicated nonprofit version and a financial-institution track. Lockton designs a program across insurers, structuring Sides A, B and C and extending cover to trustees, contractors, volunteers, subsidiaries, spouses and estates. Choose Travelers if you're a nonprofit, bank or smaller company that wants one insurer through a local agent; choose Lockton if you're a larger or public company that needs a layered program built around you. [2](https://www.travelers.com/business-insurance/professional-liability-insurance/directors-officers "Directors and Officers (D&O) Liability Insurance") [1](https://global.lockton.com/us/en/products-services/d-and-o-insurance "D&O Insurance")

### Who Helps With a Claim

Lockton puts insurance and claims counsel inside your broking team from the start. Travelers' page describes what the policy pays (defense costs and settlements for securities suits, regulatory actions and fiduciary claims) and gives claim examples from roughly $85,000 to over $1 million, but not who supports you during a claim. [1](https://global.lockton.com/us/en/products-services/d-and-o-insurance "D&O Insurance") [2](https://www.travelers.com/business-insurance/professional-liability-insurance/directors-officers "Directors and Officers (D&O) Liability Insurance")

## What Should You Confirm in Lockton and Travelers D&O Insurance Quotes?

- Ask your Travelers agent which form you're on (private, public, financial institution or nonprofit) and which Travelers company issues it. [2](https://www.travelers.com/business-insurance/professional-liability-insurance/directors-officers "Directors and Officers (D&O) Liability Insurance")
- Ask Lockton which insurers it would approach; its page names none. [1](https://global.lockton.com/us/en/products-services/d-and-o-insurance "D&O Insurance")
- Ask both for limits and retentions in writing; neither publishes them. [1](https://global.lockton.com/us/en/products-services/d-and-o-insurance "D&O Insurance") [2](https://www.travelers.com/business-insurance/professional-liability-insurance/directors-officers "Directors and Officers (D&O) Liability Insurance")

## Lockton vs Travelers D&O Insurance Compared

| Criteria | Lockton Directors & Officers (D&O) Insurance Brokerage | Travelers Directors & Officers (D&O) Liability Insurance |
| --- | --- | --- |
| Who It’s For | 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. [1](https://global.lockton.com/us/en/products-services/d-and-o-insurance "D&O Insurance") (Evidence: Company-reported; scope: 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. [2](https://www.travelers.com/business-insurance/professional-liability-insurance/directors-officers "Directors and Officers (D&O) Liability Insurance") (Evidence: Company-reported; scope: Product page "Who is D&O liability insurance right for?" section and nonprofit D&O video segment..) |
| Coverage Features | 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). [1](https://global.lockton.com/us/en/products-services/d-and-o-insurance "D&O Insurance") (Evidence: Company-reported; scope: 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. [2](https://www.travelers.com/business-insurance/professional-liability-insurance/directors-officers "Directors and Officers (D&O) Liability Insurance") (Evidence: Company-reported; scope: Product page introduction and "Travelers knows Directors & Officers Liability Insurance" section; exact terms and exclusions are set by the issued policy..) |
| Role in This Line | 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. [1](https://global.lockton.com/us/en/products-services/d-and-o-insurance "D&O Insurance") (Evidence: Company-reported; scope: 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. [2](https://www.travelers.com/business-insurance/professional-liability-insurance/directors-officers "Directors and Officers (D&O) Liability Insurance") (Evidence: Company-reported; scope: Product page general framing; confirmed against the broader Management and Professional Liability Insurance page..) |

## About Lockton and Travelers and D&O Insurance

- [Lockton company profile](https://spot.insure/insurance-providers/lockton) · [Lockton customer reviews](https://spot.insure/insurance-providers/lockton/reviews)
- [Travelers company profile](https://spot.insure/insurance-providers/travelers) · [Travelers customer reviews](https://spot.insure/insurance-providers/travelers/reviews)
- [What Is Directors and Officers Insurance?](https://spot.insure/coverage/directors-officers)

## Related Pages for Lockton vs Travelers D&O Insurance

- [Lockton vs Travelers](https://spot.insure/compare/lockton-vs-travelers): all coverage lines, business roles, service and claims.
- [What Is Directors and Officers Insurance?](https://spot.insure/coverage/directors-officers): D&O insurance can protect leaders and, in some policies, the company from covered management claims; company coverage, defense costs and limits differ by quote.
- [Lockton D&O Insurance](https://spot.insure/insurance-providers/lockton/directors-officers)
- [Travelers D&O Insurance](https://spot.insure/insurance-providers/travelers/directors-officers)

## Sources for Lockton vs Travelers D&O Insurance

### Sources About Lockton

1. [D&O Insurance](https://global.lockton.com/us/en/products-services/d-and-o-insurance). Lockton; What is D&O insurance?; Side A/B/C coverage components; Who can be covered under a D&O program?; Claims management. Accessed 2026-09-23.

### Sources About Travelers

2. [Directors and Officers (D&O) Liability Insurance](https://www.travelers.com/business-insurance/professional-liability-insurance/directors-officers). Travelers; What Is Directors & Officers Liability Insurance?; Who is D&O liability insurance right for?; video legal footer naming Travelers Casualty and Surety Company of America. Accessed 2026-09-23.

Updated 2026-09-25. Spot, a product of Tools for Enlightenment, publishes this research and works in the commercial insurance market. The comparison applies the same criteria to both providers. [Editorial policy](https://spot.insure/editorial-policy). To suggest a correction, [contact Spot](https://spot.insure/contact) with the page URL and supporting source.

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