Directors & Officers Insurance
Company directors and officers are directly and personally responsible for a broad spectrum of issues connected with their company positions. They may be sued by shareholders, government bodies, employees, creditors, competitors and customers
Directors and officers liability Insurance is often known as D&O is a liability insurance payable to the directors and officers of a company, or to the organization(s) itself, as indemnification (reimbursement) for losses or advancement of defense costs in the event an insured suffers such a loss as a result of a legal action brought for alleged wrongful acts in their capacity as directors and officers.
Even if allegations are unfounded, Other legal costs, such as attendance at investigations into the affairs of the company in the directors or officers capacity of the company, should not be underestimated