Directors' & Officers" liability D&O
Available from Executive Perils
Directors and Officers (D&O) Liability Insurance protects the directors and officers of organizations (and its' subsidiaries) against legal judgments and related defense expenses resulting from allegations of wrongful acts committed by an individual(s) in their capacity as a director(s) and/or officer(s). Directors and officers are fiduciaries of the organizations they serve and are responsible for managing the organization. They must act with due diligence in carrying out their responsibilities and can be held personally liable if their neglect results in a loss to the organization or numerous constituents.