Director & Officer Insurance
Director & Officer Insurance
In the dynamic world of corporate governance, leaders face a multitude of challenges and responsibilities. Director and Officer (D&O) Insurance serves as a crucial safety net, providing essential protection for executives navigating the complexities of leadership. This specialized insurance shields directors, officers, and key personnel from personal financial risks associated with their managerial decisions, ensuring peace of mind as they steer the course of their organizations.
Main Coverages
- Legal Defense Costs: Coverage for legal expenses incurred in defending against claims, including attorney fees, court costs, and settlements or judgments.
- Personal Liability Protection: Protects directors, officers, and key personnel from personal financial losses if they’re sued for decisions made on behalf of the company.
- Breach of Fiduciary Duty: Coverage for claims alleging breach of fiduciary duty, negligence, errors, or omissions in the performance of managerial duties.
- Entity Coverage: May also provide coverage for the organization in certain circumstances, particularly when indemnification is unavailable or insufficient.
- Wide Range of Claims: Covers a broad spectrum of claims, including shareholder lawsuits, regulatory investigations, employment disputes, and allegations of mismanagement or financial impropriety.