Company directors and officers increasingly find themselves under the microscope with respect to the way they conduct business. Lawsuits arising from claims of negligence, omissions and/ or misleading statements are on the rise, and the costs can be exorbitant. Directors and Officer’s (D & O) insurance protect directors, officers and their companies through a variety of policies:
- Corporate reimbursement coverage protects directors and officers of the corporation.
- Side-A coverage provides personal liability coverage for directors and officers when they are not protected by the firm.
- Entity coverage protects against for claims made specifically against the company
- Policies may include employment practices liability coverage.