Directors and Officers Liability (D&O)
Directors and Officers liability claims result in millions of dollars in lawsuits each year. Whether your organization is public, private or a not-for-profit, as a director or officer you are exposed to lawsuits. Shareholder suits occur frequently over accounting fraud, mergers and acquisitions, signs of financial weakness, management decisions and conflicts of interest. On a daily basis, courts are overflowing with shareholders, competitors, customers and government entities making damaging claims against directors and officers. The settlements and awards are often in the millions of dollars.
Directors and officers liability insurance provides specialized coverage for the directors and officers of your company. This coverage protects these individuals against losses that may result from alleged errors in judgment, breaches of duty or wrongful acts in the course of their work for your organization.