With an uptick in claims as related to Directors and Officers (D&O), it’s recommended D&O Insurance is considered. D&O Insurance is liability insurance payable to Directors and Officers of a company as indemnification for losses in the event an insured suffers as a result of legal action brought for alleged wrongful acts in their capacity as a Director & Officer.
Examples of Directors and Officers claims include:
- Breach of fiduciary duty
- Failure to comply with workplace laws
- Misuse of company funds
- Lack of corporate governance