Directors and Officers Liability (D&O)
Key Employees are vital to any business, but mistakes will be made, and if they are made by the directors and officers of the company they could have a lasting effect on the business. Directors and officers of a corporation may be liable if they damage the corporation in breach of their legal duty, mix personal and business assets, or fail to disclose conflicts of interest. An example, a creditor sues your D&O’s alleging that they over-leveraged the company, which caused a bankruptcy filing. This coverage will help protect you against such allegations, protecting the assets of your organization along with the personal assets of its directors and officers.