Get Started

Directors and Officers (D&O) Insurance in Connecticut

An optional certificate provision for a Connecticut business corporation can limit director money damages to no less than compensation received for serving the corporation during the year of the violation, with listed exceptions and no effect on earlier conduct. The Business Corporation Act separately sets conduct and claim limits for indemnification; nonstock corporations have a distinct Chapter 602 regime. Identify each insured entity’s legal form and incorporation jurisdiction before relying on these provisions. 1,2,3

What Is Directors And Officers?

D&O insurance can help pay covered defense costs and losses from claims against company leaders over management decisions. If your organization has a board or executives, check whether the company itself is insured and whether legal bills reduce the limit. Read the national Directors and officers guide.

What to Watch for in Connecticut

  • A Charter Limit Has a Compensation Floor

    Only a certificate that adopts § 33-636(b)(4) can limit director money damages, and the limit cannot be below compensation received for serving the corporation during the violation year. It applies only to later conduct, not earlier acts or omissions; compare the actual certificate with the policy. 1

  • The Charter Cannot Erase Every Claim

    If a certificate adopts § 33-636(b)(4), it cannot shield a knowing and culpable legal violation, improper personal economic gain, bad-faith conscious disregard with awareness of an unjustifiable risk of serious corporate injury, sustained unexcused inattention amounting to abdication, or § 33-757 liability. Ask how the policy handles defense costs for those allegations. 1

  • Officer Indemnity Depends on Role and Claim

    Section 33-776 generally gives officers director-level indemnification and advancement; a non-director officer may receive additional protection by contract, certificate, bylaws, or board resolution, subject to statutory restrictions. Check the governing documents for each officer and for a director sued solely for officer conduct. 1

  • Nonstock Entities Use a Different Chapter

    Connecticut nonstock corporations have separate director-liability and indemnification provisions in Chapter 602. If you insure a Connecticut nonstock entity, identify it as such and review its own charter and governing documents rather than assuming Chapter 601 controls. 2

Who Regulates Insurance in Connecticut

Connecticut Insurance Department

The Connecticut Insurance Department licenses insurance producers and companies, oversees insurers and regulated insurance activity, and investigates insurance complaints. Its complaint and license-search services let you raise an issue or check an insurance professional or company. 4,5,6

Surplus-lines tax and stamping office

Reported tax rate: 4% of gross premium when Connecticut is the home state When Connecticut is the insured’s home state, surplus-lines tax is 4% of gross premium; certain state and local government insureds are exempt, and broker or policy fees are not part of the premium-tax base. Connecticut’s required notice says these policies are outside the state guaranty association. Most placements require three declinations or an export-list qualification; an exempt commercial purchaser may qualify for the federal § 8205 search exception after disclosure and a written request. 7,8,9

Providers With Documented State Licenses

These providers publish a national listing for Directors and officers; the state records document licenses for the entities and roles shown below. Some records rely on company-reported information rather than independent regulator verification. A national listing does not confirm the product is available in Connecticut. Check the regulator’s license lookup and confirm state availability for your business when requesting a quote.

  • CoalitionCoalition Insurance Solutions, Inc.Insurance producer, Surplus-lines broker · checked 2026-09-28Coalition’s license page lists producer and surplus-lines licenses for Coalition Insurance Solutions, Inc. in all 50 states and the District of Columbia. The page separately lists insurers; this record covers the brokerage entity only. 11
  • CorgiCorgi Insurance Services, Inc.Insurance producer · checked 2026-09-28Corgi’s company producer-license table lists 50 jurisdictions: 49 states and the District of Columbia, including DC license 3003091619. New Mexico does not appear in the table and is not included here; the omission does not establish that Corgi is unlicensed there. The company-reported table has no stated as-of date and does not establish product availability. 12
  • TechInsuranceSpecialty Program Group LLCInsurance producer · checked 2026-09-28TechInsurance’s current licensing page names Specialty Program Group LLC / SPG Insurance Solutions and lists state license numbers, but labels Rhode Island “Individual licenses” rather than identifying a license for the named agency. RI is omitted because this disclosure does not establish agency authority there; this is a search limitation, not an assertion that the company is unlicensed. The remaining state entries are company-reported and are not an insurance product availability map. 15
  • VouchVouch Specialty Insurance Services, LLCInsurance producer, Surplus-lines broker · checked 2026-09-28Vouch’s licenses page, effective January 16, 2025, lists producer licenses in all 50 states and DC. Its separate surplus-lines table includes Idaho number 870820, while a footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses. Because those statements conflict for Idaho, this record keeps Idaho producer-only and does not treat the table number as established agency surplus-lines authority. The page is company-reported and does not establish product availability. 16

Questions to Ask Before You Buy in Connecticut

  1. Does our certificate use Connecticut’s director-liability option, and what compensation amount would set its floor?
  2. How does the quote handle claims excluded from charter exculpation under § 33-636?
  3. Do our bylaws or officer agreements provide broader indemnification than Connecticut’s statutory baseline?

Directors And Officers in Connecticut: FAQ

Can a Connecticut corporation eliminate all director liability in its charter? 1

No. If a Connecticut business corporation’s certificate adopts § 33-636(b)(4), the director-liability limit cannot be below compensation received for serving the corporation during the violation year, and it cannot cover earlier conduct or the listed statutory exceptions. 1

Can a Connecticut corporation indemnify an officer who is not a director? 1

Yes. Section 33-776 allows officer indemnification and advancement to the same extent as a director and, for a non-director officer, permits additional protection through a contract, certificate, bylaws, or board resolution, subject to statutory exclusions. 1

Directors And Officers in Other States

Other Coverage in Connecticut

Sources

  1. Connecticut General Statutes, Chapter 601: Business Corporations. Connecticut General Assembly; §§ 33-636(b)(4)–(5), 33-771, 33-776, director liability and indemnification. Accessed 2026-09-28.
  2. Connecticut General Statutes, Chapter 602: Nonstock Corporations. Connecticut General Assembly; § 33-1026(b)(4)–(5), separate nonstock director-liability and indemnification provisions. Accessed 2026-09-28.
  3. 2026 Supplement to the General Statutes of Connecticut — Titles. Connecticut General Assembly; Supplement revised to January 1, 2026; states it is used with statutes revised to January 1, 2025 and covers 2025-session codified acts in force January 1, 2026 or taking effect later. Accessed 2026-09-28.
  4. Connecticut Insurance Department. Connecticut Insurance Department; Official Department homepage; mission and department resources. Accessed 2026-09-28.
  5. Licensing. Connecticut Insurance Department; Department licensing resource landing page; links to state agent and company license lookup. Accessed 2026-09-28.
  6. Ask a Question or File a Complaint. Connecticut Insurance Department; Online complaint form and consumer affairs helpline. Accessed 2026-09-28.
  7. FAQs: Surplus Lines Brokers. Connecticut Insurance Department; Current tax rate, tax base and exemptions, diligent-search rules, guaranty-fund notice. Accessed 2026-09-28.
  8. FAQs: Surplus Lines Brokers. Connecticut Insurance Department; Question on surplus-lines notice states Connecticut Insurance Guaranty Association does not cover these policies. Accessed 2026-09-28.
  9. 15 U.S.C. § 8205: Streamlined application for commercial purchasers. U.S. House of Representatives, Office of the Law Revision Counsel; Broker's due-diligence search exception for an exempt commercial purchaser requires prior disclosure that admitted-market insurance may offer greater protection/regulatory oversight and the purchaser's subsequent written request for nonadmitted placement. Accessed 2026-09-28.
  10. Licenses. At-Bay; Current producer introduction and state table; At-Bay Insurance Services LLC; P&C and surplus-lines identifiers. Accessed 2026-09-21.
  11. Licenses and Carriers. Coalition; Licenses and Carriers, re-read 22 September 2026: Insurance Licenses table for Coalition Insurance Solutions, Inc., national producer number 18419475, with producer and surplus-lines numbers for all 50 states and DC including California 0L76155, Georgia 196479, Texas 2199630 and 2205589, Pennsylvania 815731 and 817452, Colorado 539028 and Wisconsin 3000108852. Insurance Carriers table naming, with NAIC numbers, Allianz Underwriters Insurance Company 36420, Arch Specialty Insurance Company 21199, Ascot Specialty Insurance Company 45055, Ascot Insurance Company 23752, Aspen Specialty Insurance Company 10717, Chaucer Insurance Company DAC, Coalition Insurance Company 29530, Fireman's Fund Indemnity Corporation 11380, Fortegra Specialty Insurance Company 16823, Lloyd's of London, MSIG Specialty Insurance USA Inc. 34886, MS Transverse Specialty Insurance Company 41807, Steadfast Insurance Company 26387, Vantage Risk Specialty Insurance Company 16275 and Zurich American Insurance Company 16535. Accessed 2026-09-22.
  12. Insurance Producer Licenses. Corgi Insurance; Current complete Insurance Producer Licenses table for Corgi Insurance Services, Inc.; 50 rows covering 49 states and DC (DC 3003091619); no New Mexico row; no NPN or as-of date shown. Accessed 2026-09-28.
  13. About Hiscox US Insurance. Hiscox; Hiscox Insurance Company Inc. NAIC 10200 as Chicago, IL domiciled insurer admitted or licensed in all 50 states and D.C.; Hiscox Inc. as general agent and Lloyd’s coverholder for Syndicates 33 and 3624; surplus-lines placements through licensed surplus-lines brokers; A.M. Best rating statement. Accessed 2026-09-16.
  14. Licenses. ERGO NEXT Insurance; Current entity-by-state license table reopened 28 September 2026: 50 rows under Next First Insurance Agency, Inc., including Washington, DC; New York rows instead list Next Insurance Services PC-1423070 and AP Intego BR-1198885. Accessed 2026-09-28.
  15. Insurance Licenses by State. TechInsurance; Current state table; identifies TechInsurance as a division of Specialty Program Group LLC d/b/a SPG Insurance Solutions; lists DC 3000041536 and labels Rhode Island “Individual licenses,” without an agency license number. Accessed 2026-09-28.
  16. Licenses. Vouch; Effective 16 January 2025: Vouch Specialty Insurance Services, LLC, NPN 19926463; P&C table (50 states and DC); surplus-lines table includes Idaho 870820; footnote says Georgia and Idaho do not issue agency-level surplus-lines licenses; Idaho retained as producer-only due to conflict. Accessed 2026-09-15.

Updated .

This guide is informational and does not determine whether a policy is available or meets your needs. Editorial policy. To suggest a correction, contact Spot with a supporting source.

Get Help With Insurance Buying and Renewals.

Get help buying coverage and managing renewals, with less paperwork for your team. Start with a free consultation.

Talk to Spot