Personal assets of company Directors and Officers can be at risk if sued for wrongful acts of management. We can offer protection that extends to spouses if personally sued by customers, vendors, competitors or other parties.
Large, publicly traded companies are not the only businesses that need Directors and Officers (D&O) liability insurance. Senior leaders and advisors for companies of any size or corporate structure could be personally held responsible for negligent management. This coverage is like professional liability for company directors and officers, protecting against adverse financial outcomes or harm to others deemed to be the result of their actions. Alleged negligence of duty may come from customers, competitors, suppliers, employees or consumer groups. Coverage includes the cost of legal defense, judgements and settlements.
