Quiz me on D&O insurance
Understand the Problem
The question is asking for a quiz on Directors and Officers (D&O) insurance, which suggests the user wants to test their knowledge or learn more about this specific type of insurance.
Answer
D&O Insurance covers directors and officers against personal losses from lawsuits due to wrongful acts in managing a company.
Directors and officers liability insurance (D&O Insurance) provides coverage to individuals serving as directors and officers of a company or board. It protects them against personal losses if they are sued for alleged wrongful acts in managing a company.
Answer for screen readers
Directors and officers liability insurance (D&O Insurance) provides coverage to individuals serving as directors and officers of a company or board. It protects them against personal losses if they are sued for alleged wrongful acts in managing a company.
More Information
D&O insurance is a critical component of corporate governance, as it helps attract and retain key executives and board members by providing them protection from lawsuits related to their management decisions.
Tips
A common mistake is not understanding the coverage limitations and exclusions of a D&O insurance policy, which can lead to inadequate protection in certain legal scenarios.
Sources
- Five Essential D&O Insurance Questions - Directors & Boards - directorsandboards.com
- Guest Post: Boardroom Guide to D&O Insurance | The D&O Diary - dandodiary.com
