Directors Officers Liability

D&O Liability Insurance policies offer liability cover for company managers to protect them from claims which may arise from the decisions and actions taken within the scope of their regular duties. D&O coverage includes financial protection for managers against the consequences of actual or alleged “wrongful acts”. Such lawsuits can be filed by stakeholders like shareholders, competitors, customers, creditors, financial institutions, regulators, employees, etc. Policies cover the personal liability of company directors but also the reimbursement of the insured company in case it has paid the claim of a third party on behalf of its managers in order to protect them. Coverage is usually for current, future, and past directors and officers of a company and its subsidiaries.