Directors and Officers Insurance
As a director or officer of a company or organization, are you immune from liability?
Directors and Officers Liability Insurance, also known as D&O insurance, is designed to protect the directors and officers of a company, or the organization, from alleged wrongful acts, criminal or civil, which are brought against them by employees, customers, vendors, competitors, shareholders, financial donors, even the government.
Examples of alleged wrongful acts could be:
- Mismanagement of the operations and/or assets of the company (organization)
- Acts of an officer/director beyond his/her authority granted in by-laws
- Breach of fiduciary duties
- And more
A claim brought against the organization can go on for several years. If not properly protected, this financial burden of a claim can become the personal and financial responsibility of the organization’s directors, officers, or employees.
Don’t let a claim financially break you or your organization. Call us at 800-238-4654 for more information.