Directors & Officers Liability Insurance

Directors and Officers Liability Insurance

D&O insurance (Directors and Officers insurance) functions as a critical safeguard for company executives and board members.
This specialized insurance coverage offers protection against legal claims that may arise from their decisions and actions taken in the course of their duties.
D&O insurance works by reimbursing defense costs, settlements, and awards resulting from claims made by shareholders, third parties, or regulators for alleged wrongful acts.
It also extends coverage to the company itself if it faces litigation. Understanding how D&O insurance works is vital for companies to mitigate risks and provide assurance to their leadership team. Cover includes.

• Advancement of defense costs
• Legal fees and expenses for attendance at any investigation
• Pre-investigation cost
• Outside directorship cover
• Prosecution expenses
• Risk management extension
• Assets & Liberty expenses