What is D&O insurance?
Understand the Problem
The question is asking about Directors and Officers (D&O) insurance, which is a type of liability insurance for company directors and officers. It provides coverage for legal costs and other costs that may arise from wrongful acts or decisions made in their capacity as leaders of a company.
Answer
D&O insurance protects directors and officers from personal losses if sued for their decisions and actions as company leaders.
Directors & Officers (D&O) Liability Insurance is designed to protect the personal assets of individuals serving as directors or officers of a company from personal losses if they are sued for decisions and actions taken in their capacity as company leaders.
Answer for screen readers
Directors & Officers (D&O) Liability Insurance is designed to protect the personal assets of individuals serving as directors or officers of a company from personal losses if they are sued for decisions and actions taken in their capacity as company leaders.
More Information
D&O insurance is crucial for protecting the personal finances of senior executives and is often a standard part of corporate insurance policies.
Tips
Mistaking D&O insurance as covering only the company and not individual assets can lead to inadequate protection for directors and officers.
Sources
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