Coverage for your leaders, management.

Daniels Insurance Agency: Your Trusted Risk Advisor

Founded in 1937, Daniels Insurance Agency has three locations throughout New Mexico and is licensed in every state to serve not only our local region but also clients with a national footprint. As an Assurex Global partner, we are among the world’s most prominent independent agents and brokers. We’re also a member of the Independent Agents & Brokers of America, a national alliance of business owners and their employees who offer a wide range of insurance and financial services products.

Our staff of 42 employees throughout our three locations is ready to provide you with the white-glove service you should expect from your insurance consultant. In fact, you’ll always reach someone at Daniels Insurance Agency. You can depend on that.

Give us a call at 800-530 8885 to find out how we can work together.

Directors & Officers Liability

Directors & Officers (D&O) insurance generally covers your leadership for errors, negligence, and failure to comply with regulations regarding company finances or operations. It is available to privately and publicly held companies, nonprofits, and associations. Our staff will examine your bylaws, organizational structure, and activities with you to determine the best options in D&O coverage for your leadership.

There are multiple types of policies, each responding to a different need. Side A coverage protects the personal assets of individual directors and officers. Side B coverage reimburses the company for costs incurred when the company indemnifies directors and officers in a claim. Side C coverage protects the company when it is named as a defendant in a lawsuit.

D&O insurance typically covers legal fees, settlements, and some damages. Some policies will also help pay for investigative costs. But D&O insurance often specifically excludes certain damages and punitive fees, such as fines, so it’s important to be precise about the language in the insurance contract. We will review this with you.

Fiduciary Liability Insurance

Fiduciary Liability insurance can be issued to either the employer that sponsors the benefits plan or the plan itself. It is appropriate for retirement plans, health plans, life insurance, disability plans, and employee benefits plans. Fiduciary Liability insurance protects the insured against allegations that the fiduciary—the money or benefits handler—has breached their duty. The accusation can focus on an error or negligence in administering a plan, including but not necessarily limited to misinterpretation of plan documents, providing imprudent investment options to plan participants, misrepresenting investments, mishandling enrollment, or other paperwork, and giving bad advice or faulty instructions to participants.

Our policy coverage options include legal defense fees, awards to or settlements with claimants, and voluntary correction programs even when there isn’t a claim. The specific coverage you receive depends on the insurance agreement you choose.