Directors & Officers (D&O) Insurance
Directors and officers can be held personally liable for the decisions they make on behalf of the organizations they serve.
Claims against directors and officers can arise from many fronts: government agencies, funding sources, employees, financial institutions, customers and competitors. The cost to defend those claims, let alone settle them, can be staggering.
Directors and Officers liability insurance was designed to cover the personal financial exposure that individual directors and officers face. The corporation, its employees and volunteers are generally covered. Employment practices liability is also generally offered with directors and officers coverage.
D&O insurance is triggered by claims arising from wrongful acts. Wrongful acts are, simply, errors in decision-making. D&O policies often exclude Bodily Injury, Property Damage and Personal Injury claims as there are other policies that provide this coverage.
Who should have D&O insurance?
Every organization - for profit or non-profit!
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