




Directors & Officers (D&O) Insurance: What it Covers
D&O policies are designed to provide coverage against personal losses, given that the insured individuals are sued personally (due to their actual or alleged illegal acts) in organizational management. In addition, these policies usually cover legal fees and, in some cases, settlement costs. Organizations of all sizes can obtain D&O insurance policies for employee protection.
D&O policies can offer protection against different types of claims that attest to wrongdoing, such as:
Note: A D&O insurance policy is not liable for covering actual stealing. These policies effectively protect against allegations in case no incident of actual malpractice happens. D&O policies do not cover fraud, personal profiting, bodily injury, and/or property damage.
D&O Insurance: Important Protection
D&O policies protect against different types of claims. First, however, it is essential to understand the types of coverage provided under the insurance policy. Some typical coverage includes:
Remember: