Directors & Officers Liability Insurance (D&O)
Management-liability insurance that can protect directors and officers, and in some forms the organization, against covered claims alleging wrongful or negligent acts in the course of management duties.
What does Directors & Officers Liability Insurance (D&O) mean?
Management-liability insurance that can protect directors and officers, and in some forms the organization, against covered claims alleging wrongful or negligent acts in the course of management duties.
D&O addresses governance and management liability. It is different from CGL, which focuses on other third-party liability exposures, and from professional liability for professional services or advice.
Directors & Officers Liability Insurance (D&O) in practice
A director is named in a lawsuit alleging a wrongful management decision. Whether defence costs or damages are insured depends on the D&O policy wording, exclusions and limits.