Directors and Officers (D&O)
Liability protection for allegations against directors and officers for alleged wrongful acts.
Lawsuits against directors and officers can come from a variety of sources but are most typically filed by shareholders. Breach of duty, fraud, unfair business practices, and infringement of trade secrets are examples of allegations that can be filed against both for-profit and nonprofit organizations. This coverage protects the assets of the company as well as the personal assets of the directors and officers. A comprehensive policy includes coverage for defense costs.
