Directors & Officers Insurance (D & O)
What Is D&O Insurance?
Directors and Officers insurance covers directors and officers for claims made against them while serving on a board of directors or as an officer of a corporation.
D&O liability insurance can be written to cover the directors and officers of for-profit businesses, privately held firms, not-for-profit organizations, educational institutions or condominium board members.
Why Do I Need It?
D&O insurance functions as a management errors and omissions liability insurance, covering claims resulting from managerial decisions that have adverse financial consequences