Directors & Officers Insurance Coverage
Directors and Officers Liability Insurance (D&O) provides coverage for members of boards of directors against wrongful acts. These wrongful acts might include actual or alleged errors, omissions, misleading statements, and neglect or breach of duty on the part of a member of a board of directors.
Did you know that if you are volunteering your time as a Board Member for a not-for-profit organization, your Board should carry Directors & Officers Liability Insurance? If you have a question about D&O insurance, give us a call to speak directly with a Directors and Officers Liability Insurance specialist.
What is Directors & Officers Insurance?
Directors and Officers insurance is a type of liability coverage for defence costs and damages arising from wrongful act allegations and lawsuits brought against an organization’s board of directors and officers.
Who Needs Directors & Officers Insurance?
All businesses and organizations, whether profit or not-for-profit, should have Directors and Officers insurance to properly protect its board members, directors and officers from legal liability.
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