Directors and Officers (D&O) liability insurance offers vital protection for individuals serving as directors or officers of a business or organization. This insurance safeguards them from personal financial losses in the event of lawsuits arising from their roles. It not only shields individuals but also covers legal fees and other related costs incurred by the organization.
D&O insurance provides peace of mind to directors and officers, ensuring their financial security if they face legal action related to their duties. This comprehensive coverage, also known as management Errors & Omissions (E&O) insurance, addresses various scenarios such as mismanagement of operations or assets, conflicts of interest, misrepresentation, violations of laws, and breaches of fiduciary duties.
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