Directors and Officers (D&O) Liability Insurance is a type of liability covering the business directors and officers for claims made against them while managing the business or serving on the board of directors. This policy protects the directors and officers if they are accused of management errors in conducting business by providing legal defense costs and potential losses suffered through a lawsuit.
Directors and Officers are sued for a variety of roles related to their management practice of their business, including:
• Misuse of Company Funds
• Failure to Comply with Workplace Law
• Theft of Intellectual Property
• Lack of Corporate Governance
• Breach of Fiduciary Duty Resulting in Bankruptcy
Does Your Company Need D&O Coverage?
Most businesses think Directors & Officers coverage is only for larger public companies. However, many small businesses face these suits regularly.
Any business with a corporate structure should carry Directors & Officers coverage, including Non-Profit Organizations.
For more information on this coverage, please contact our office at 209-576-2808 or complete the form below: