Insurance

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Directors and Officers Insurance

What is Directors and Officers Liability Insurance?

Directors and Officers Liability Insurance (often called "D&O") is liability insurance payable to the directors and officers of a company, or to the organization(s) itself, as indemnification (reimbursement) for losses or advancement of defense costs in the event an insured suffers such a loss as a result of a legal action brought for alleged wrongful acts in their capacity as directors and officers.

 

What does Directors and Officers Liability Insurance cover?

Directors and Officers Insurance can be written to cover claims resulting from managerial decisions that have adverse financial consequences.  The types of Directors and Officers includes:

  • The directors and officers of publicly traded companies
  • The directors and officers of privately held firms
  • The directors and officers of not-for-profit organizations
  • The directors and officers ofeducational institutions

 

Who needs Directors and Officers Liability Insurance?

Every for-profit or non-profit business that has Directors and Officers.

 

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