What is directors and officers liability insurance?What is directors and officers liability insurance?
Directors’ and officers’ liability insurance (D&O) offers your individual directors (high-level staff of organizations) and officers (Board members) the protection they need from personal liability and financial loss arising out of wrongful acts committed in their capacity as officers and/or directors. Example: If the Executive Director of an organization runs off with the company’s money, this would cover the Board Members and other high-level staff if they were sued. One can also elect to include Employment Practices coverage as well, which covers things like sexual harassment, discrimination, and wrongful termination suits.
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