Directors and Officers Liability Insurance: Pros & Cons
Directors and Officers Liability Insurance is a type of insurance that protects the directors and officers of a company from personal financial loss if they are sued for wrongful acts in their official capacities. Directors and Officers (D&O) responsibility insurance is insurance inclusion expected to shield people from individual misfortunes if they are sued because of filling in as a Director or an Officer of a business or other kind of association.
It can likewise cover the legitimate expenses and different costs the association might cause because of such a suit. Directors' and Officers' Liability Insurance typically covers
Legal defense costs
Settlements
Judgments resulting from claims of wrongful acts, such as
Breach of duty
Fraud
Discrimination
Directo...
