Directors' & Officers' Liability
Directors & Officers liability

Directors, officers and managers of businesses are increasing aware of their corporate governance obligations, of the litigious environment in which they operate and of the potential for their own personal assets to be on the line.

Directors and Officers insurance is liability insurance payable to directors and officers of a company, or to the organization itself, to cover damages and defense costs in the event they suffer such losses as a result of a lawsuit for alleged wrongful acts while acting in their capacity as directors or officers for the organization. It could also cover employment practice liability.