Directors & Officers Liability Insurance (D&O)
Public, private, and non-profit organizations all may have a Board of Directors. By law, directors may be personally liable for their actions and decisions as a board member. Directors and Officers liability insurance is used to cover the directors and officers, as well at the organization in the event of a loss. The loss is usually the result of a lawsuit for alleged wrongful acts while acting in their capacity as directors and officers for the organization.
- Covers damages and defense costs
- Protects personal assets of the directors and officers
- Protects the assets of the organization
- Helps the organization monitor and provide defense costs associated with responding to lawsuits and investigations
