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Protection from allegations of slander, libel, allegations of fraud, and other similar lawsuits.
Competitors may make allegations of unfair business practices against your business. This policy covers legal actions brought against your directors by other businesses.
Protection from Investors
Directors and Officers of companies can often be held liable for company performance. This plan helps with the financial perils of a lawsuit.
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About Directors & Officers Liability Insurance
Directors and officers liability Insurance (D&O) is liability insurance payable to the directors and officers of a company, or to the organization itself in the event an insured suffers such a loss as a result of a legal action brought for alleged wrongful acts in their capacity as directors and officers.
Coverage includes costs resulting from law suits and judgments arising out of poor management decisions, employee dismissals, shareholder grievances, and other such acts committed in good faith.
*Criminal offenses are not covered under this insurance.