What is the Definition of Directors And Officers Liability Insurance?

What is the Definition of Directors And Officers Liability  Insurance?

Directors and officers liability insurance (D&O) covers directors and officers of a company for negligent acts or omissions and for misleading statements that result in suits against the company. There are a variety of D&O coverages. Corporate reimbursement coverage indemnifies directors and officers of the organization. Side-A coverage provides D&O coverage for personal liability when directors and officers are not indemnified by the firm. Entity coverage, for claims made specifically against the company, is also available. D&O policies may be broadened to include coverage for employment practices liability.

Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/

Label: Insurance
Theme: Dictionary of Insurance Terms

Other Questions: What is the definition of Insurance?

What is the Definition of Directors And Officers Liability  Insurance?

What is the Definition of Directors And Officers Liability  Insurance?

Check out other definition of insurance terms below:


Meaning of Wrap-Up Insurance in Insurance Terms

Broad policy coordinated to cover liability exposures for a large group of businesses that have something in common. Might be used to insure all businesses working on a large construction project, such as an apartment complex.


Meaning of Write in Insurance Terms

To insure, underwrite, or accept an application for insurance.


Meaning of Xxx Regulation in Insurance Terms

The National Association of Insurance Commissioner’s current model valuation law for life insurance policies, adopted in March 1999. The law tells insurance companies how much they should hold as a reserve for each term life insurance policy. The model has been adopted by most of the states.


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