Anthony R. O’Donnell // July 11, 2025 
(Jason Bishara, Financial Lines Practice Leader, NSI Insurance Group. Source: NSI Insurance Group.)
The proliferation of small businesses has transformed the American economy, but it has also exposed a significant gap in Directors and Officers (D&O) insurance coverage—one that represents both a challenge and a major growth opportunity for insurers and distributors.
“Many small and mid-sized businesses remain underinsured or improperly insured for D&O risks,” says Jason Bishara, Financial Lines Practice Leader at NSI Insurance Group (Miami). “The industry historically divides underwriting into ‘public’ versus ‘private,’ but that misses how different a small