Top 10 Directors and Officers (D&O) Insurance

Directors and Officers (D&O) Insurance is a type of liability insurance specifically designed to protect individuals who serve as directors and officers of a company. It aims to shield them from personal losses if they are sued for alleged wrongful acts while managing the company. This insurance can also cover legal fees and other costs the organization may incur as a result of such lawsuits.

D&O Insurance is essential because directors and officers can be held personally liable for various claims, including those related to wrongful termination, discrimination, and financial mismanagement. Without this insurance, their personal assets could be at risk. The policy typically covers defense costs, settlements, and judgments arising from lawsuits and investigations. It can also provide coverage for regulatory proceedings and criminal investigations, although intentional illegal acts are usually excluded. Companies of all sizes, from small businesses to large corporations, often purchase D&O Insurance to attract and retain qualified executives. The coverage not only offers financial protection but also helps maintain the organization's reputation and stability during legal disputes.