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Procurement Market Intelligence Report

Directors & Officers Liability Insurance
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Directors & Officers Liability Insurance?

What is the average price of Directors & Officers Liability Insurance?

This procurement report includes pricing information to help you purchase Directors & Officers Liability Insurance. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.

Has the price of Directors & Officers Liability Insurance been rising or falling?

Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.

I’m not ready to purchase Directors & Officers Liability Insurance yet. Will I pay more if I wait too long?

We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.

What other costs are associated with purchasing Directors & Officers Liability Insurance?

Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Directors & Officers Liability Insurance with a reduced risk of unexpected costs.

See how we display average pricing information, trends and market data.

Find the vendor to meet your needs

Where can I purchase Directors & Officers Liability Insurance?

Among the estimated 150 D&O liability insurers in the US market, the top four operators account for about 40.0% of total market revenue, signaling a moderate degree of concentration. Consolidation among insurance companies has been contributing to rising market share concentration during the three years to 2019, whereby operators have... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Financial Strength

What actions do you take to mitigate your risk of bankruptcy?

What is your loss ratio, combined ratio, expense ratio and operating ratio?

How do you ensure that your company has enough cash reserves to honor claims?

What evidence supports your claim of consistently honoring contractual liabilities to buyers? Do you have copies of recent financial statements available for viewing?

Fee Structure

How do you arrive at the policy premiums you charge clients?

How do you determine the risk of a policy holder? What factors most strongly affect a buyer's risk?

What steps can a buyer take to reduce their risk?

Do you charge any additional fees to clients? If so, what are those fees?

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Key elements for every RFP

What should my Directors & Officers Liability Insurance RFP include?

Project Budget

Buyers should request a detailed breakdown of insurers’ premium rates.

Buyers should outline any other costs for which insurers are responsible (e.g. mailing documents).

Selection Criteria

Buyers should evaluate insurers based on their costs.

Buyers should evaluate insurers' ability to meet their coverage needs.

Buyers should evaluate insurers' market experience and financial performances.

For other selection criteria requirements, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers should include the date when proposals are due and any other relevant dates (e.g. final interviews) prior to the contract award.

Buyers should include the date the contract begins and ends, as well as any options for renewal.

Evaluate major factors to mitigate risk

How risky is the Directors & Officers Liability Insurance supply chain?

The supply chain risk for D&O liability insurance is moderate. Vendors of D&O liability insurance procure inputs from numerous upstream suppliers in order to facilitate their operations, including copier and office equipment wholesalers, reinsurance carriers, portfolio management firms and computer equipment wholesalers. Despite the modest degree of supply chain risk... Subscribe to learn more.

HIGH

MEDIUM

LOW