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.

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