A form of errors and omissions insurance covering the directors and officers of corporations against suits alleging they committed wrongful act(s).
Insurance that protects directors and officers from liability claims arising out of alleged errors in judgment, breaches of duty, and wrongful acts related to their organizational activities.
Insurance that protects both a corporation and its key employees. The standard D & O policy usually includes corporate reimbursement which covers expenses insured by the directors and officers for legal costs and judgments indemnified by the corporation and personal coverage which protects individual officers and directors against claims not indemnified.
Coverage when a director or officer of a company commits a negligent act or omission, or misstatement or misleading statement, and a successful libel suit is brought against the company as a result.
Covers your company's directors and officers from liability claims arising out of judgment errors, breaches of duty and wrongful acts related to their organizational activities. Shareholders, employees and potential business partners may file claims. Generally the coverage excludes intentional and dishonest acts, and allegations of bodily injury and property damage. D&O insurance is written on a Claims-Made and Reported coverage form. Directors and Officers with Employment Practices Liability (D&O/EPL) insurance covers a not-for-profit organization, the directors, officers, trustees and other individuals for allegations involving business management decisions and employment practices actions. These policies are written on a claims-made and reported coverage form.
Type of Errors and Omissions policy written for directors and officers of corporations who may be sued as individuals by stockholders.
Coverage protecting directors or officers of companies against legal judgments and related expenses resulting from wrongful acts committed in their individual capacity as company directors and officers. Insurance is included for direct coverage of individual directors and officers and also for reimbursement of the corporation if the corporation has indemnified the directors and officers for their losses (see Corporate Reimbursement Insuring Agreement). The policy can also cover the corporation itself. (See Entity Insuring Agreement) The need for D & 0 insurance is not limited to public companies.
policy written for corporate directors and officers who may be sued individually by stockholders.
Protection for officers and directors of a corporation against damages resulting from negligent or wrongful acts in the course of their duties. Also covers the corporation for expenses incurred in defending lawsuits arising from alleged wrongful acts of officers or directors. These policies always require the insured to retain part of the risk uninsured.
Directors and Officers Liability Insurance is insurance payable to the directors and officers of a company if they get sued for something that happened while they were with that company.