Directors & Officers Insurance

Directors and Officers (D&O) insurance is a type of liability insurance that provides financial protection for individuals serving as directors, officers, or leaders of a company or organization. It is designed to safeguard these individuals from personal losses and legal liabilities that may arise from decisions and actions made while managing the business. D&O insurance is typically purchased by the company or organization on behalf of its directors and officers.

Key Features & Components:

1. Coverage for Individual Leaders: D&O insurance provides coverage to protect the personal assets and finances of directors and officers if they are personally sued for alleged wrongful acts, errors, omissions, or decisions made in their capacity as leaders of the company.
2. Legal Defense Costs: D&O insurance covers legal defense costs, including attorney's fees, court costs, and other related expenses incurred when defending against claims or lawsuits.
3. Employment Practices Liability: Some D&O policies include coverage for claims related to employment practices, such as discrimination, harassment, or wrongful termination.