Directors and Officers (D&O) liability insurance protects the personal assets of corporate directors and officers — and their spouses — in the event they are personally sued for actual or alleged wrongful acts in managing a company.
Personal Asset Protection
Shields the personal assets of directors and officers from lawsuits brought by employees, shareholders, competitors, customers, or regulators.
Defense Costs
Covers legal defense costs, which can be substantial even when the lawsuit is ultimately unsuccessful.
Entity Coverage
Many D&O policies also provide coverage for the company itself when it is named as a co-defendant.
Employment Practices Liability
Can be extended to cover claims of wrongful termination, discrimination, harassment, and other employment-related issues.