Directors And Officers (D&O) Insurance

Directors and Officers Insurance Overview

  1. What does directors’ and officers insurance cover?

Directors and Officers (D&O) insurance covers legal costs, settlements, and damages if company directors or officers are sued for wrongful acts, mismanagement, breach of duty, or negligence while performing their roles.

  1. Why do I need directors and officers insurance?

You need D&O insurance to protect company leaders from personal financial loss in case they are held personally liable for decisions made in their roles. It safeguards their assets and ensures they can focus on their duties without undue risk.

  1. What are the benefits of having directors and officers insurance?

D&O insurance protects the personal assets of key leaders, covers legal expenses, and helps attract experienced directors by providing financial security and peace of mind.

  1. What document will I get after buying D&O insurance?

After buying a directors and officers policy, you will receive a policy document which is a written contract of insurance between the insured and the insurer. It contains terms and conditions of the insurance cover as well as the risks covered. Ensure that you read and understand the contents of your policy document.