D&O insurance
Understand the Problem
The question appears to be asking about Directors and Officers (D&O) insurance, which is a type of insurance that protects the personal assets of corporate directors and officers in the event they are sued for wrongful acts while managing a company.
Answer
D&O insurance covers personal assets of directors/officers against lawsuits related to their company decisions/actions.
Directors and Officers (D&O) insurance provides liability coverage for the personal assets of company directors and officers in the event they are sued for decisions or actions taken in their capacity as company leaders.
Answer for screen readers
Directors and Officers (D&O) insurance provides liability coverage for the personal assets of company directors and officers in the event they are sued for decisions or actions taken in their capacity as company leaders.
More Information
D&O insurance is crucial for protecting individuals in leadership roles from the financial consequences of litigation related to their management activities, ensuring the viability of organizations by safeguarding their leaders.
Tips
A common oversight is assuming that D&O insurance covers all legal issues. It typically doesn't cover fraudulent acts or criminal activities.
Sources
- The Who, What & Why of Directors & Officers Insurance | The Hartford - thehartford.com
- Directors & Officers (D&O) Liability Insurance | AIG US - aig.com
- Directors and Officers (D&O) Insurance: What Is It, Who Needs It? - investopedia.com
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