Directors & Officers Liability Insurance

Directors & Officers Liability Insurance (D&O) is a type of insurance policy designed to protect the personal assets of corporate directors and officers from legal action taken against them in relation to their professional activities. It provides coverage for the cost of defending suits brought against corporate directors and officers, as well as settlements or damages arising out of wrongful acts.

The insurance policy covers a wide range of liabilities faced by directors and officers, including those involving wrongful acts that may result in financial losses to the corporation or its shareholders. In particular, D&O insurance policies may cover liabilities related to corporate governance (e.g., failure to maintain adequate internal controls) as well as fiduciary duties (e.g., breaches of trust).