Directors and officers liability —
All organizations, whether public, private, or nonprofit, and the people who lead them carry significant risk due to their responsibilities which can make these individuals vulnerable to a number of exposures.
With a Directors’ & Officers’ Liability policy you can have the peace of mind to transfer the risk exposures through insurance which is intended to protect directors and officers individually, as well as reimbursement coverage for the company resulting in payments made on behalf of directors and officers as a result of a corporate indemnification agreement.
This unique coverage also can extend to coverage to incorporate Employment Practices Liability such as harassment and discrimination suits.
It also covers legal liability for such matters as trust, breach of duty, breach of contract, neglect, error, omission, misstatement, breach of warranty of authority and wrongful acts committed by persons insured in their capacities as directors and officers of the company.