What Is Directors' & Officers' Liability Insurance?
Directors’ and officers’ insurance – also known as D&O insurance – insures an organisation’s senior people from financial loss should they become involved in legal disputes arising from its activities. Cover can extend to defence costs arising from criminal and regulatory investigations or trials. Historically, D&O insurance was a protection that was used mainly by large corporations. As we have become a more compliance-heavy world with greater use of the courts to settle disputes, it’s a policy that many small and medium-sized businesses take advantage of. With D&O insurance through Coversure, you can get quality protection against events such as:
- Claims for either losses or unsatisfactory returns
- Negligence
- Failure to comply with regulations or laws
- Financial reporting errors
- Inaccurate or inadequate disclosure