Protect your company's officers and board of directors from lawsuits.
Directors & Officers Insurance
Directors & Officers (D&O) Liability insurance is designed to protect the people who serve as directors or officers of a company from personal losses if they are sued by the organization's employees, vendors, customers or other parties. D&O insurance can cover defense costs, settlements and other costs associated with wrongful act allegations and lawsuits. D&O insurance is an important aspect of a corporate risk management strategy and can help your company attract and retain qualified executives and board members.
Many D&O policies provide the following types of coverage:
Directors and Officers Liability
Protects directors' and officers' personal assets. It covers damages and expenses assessed against a director or officer who has not been indemnified because the corporation is bankrupt or is barred by law from providing reimbursement.
Reimburses the corporation for funds it has paid to directors or officers (or on their behalf) as indemnification.
Claims or suits filed directly against the corporation. Entity coverage varies in scope depending on whether the insured is a private, public or non-profit corporation. When the insured is a public corporation, this coverage usually applies to securities claims only.
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