Directors & Officers (D&O) Liability Insurance
Directors & Officers (D&O) Liability insurance helps cover defense costs and damages (awards and settlements) arising out of wrongful act allegations and lawsuits brought against an organization’s board of directors and/or officers. These types of claims have become increasingly common and directors and officers themselves could be held personally liable. To attract and retain qualified executives and board members it’s crucial to have Directors & Officers Liability insurance.
All organizations, whether public, private, or nonprofit, and the people who lead them are vulnerable to a multitude of D&O exposures. These can include securities litigation, regulatory actions, and allegations of misrepresentation and breaches of fiduciary duties.
Learn why you and your organization need protection here https://www.travelers.com/professional-liability-insurance/directors-officers