Directors’ & Officers’ Liability Insurance
Anyone at the helm of a public corporation, private company, or nonprofit organization can be held accountable for their business decisions in a court of law. This means that a company’s executives can be personally at risk of being financially devastated by the staggering costs of legal defense or damages, and even the loss of their personal assets (such as their home or investments).
Directors & Officers Liability Coverage will protect your executives in the event of administrative, civil, criminal and regulatory proceedings on the basis of wrongful acts, breaches of duty, errors, misstatements, neglect and omissions. This protection is provided through your Directors & Officers policy regardless of whether the acts are alleged or actual.
If corporations want to attract the best leaders, they must protect them with Directors and Officers (D&O) Liability Insurance.