Directors and Officers (D&O) Liability Insurance provides financial protection for the individual directors and officers of a company in the event they are sued in conjunction with the performance of their fiduciary responsibilities. Claims can be made against the company and the individual directors by stockholders, employees and clients alleging financial loss arising from mismanagement.
Directors and Officers Liability Insurance will reimburse the corporation when it is legally obligated to indemnify corporate directors and officers for their acts. It also provides protection for company officials when corporate indemnification is not available, whether due to insolvency or legal prohibition.
In an increasingly litigious world, your company’s directors and officers are personally at risk to incur financially crippling lawsuits. A D&O policy will not only protect your executives from personal liability and financial loss but will allow you to attract and retain top-level executives.
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