Directors & Officers Liability Insurance

Directors & Officers Insurance is a liability insurance and provides financial protection to the directors and officers of your company in case they are sued in relation to the performance of their official duties. It covers both management and professional liability. Usually, this insurance also includes Employment Practices Liability and sometimes fiduciary/crime protection liability. D & O cover will be required when the individual directors/officers demand such a cover when accepting appointments, or investors require such cover as a condition for funding your company operations or sometimes the regulators in the market stipulate it. The cover is required to protect the company and personal assets of directors/officers against any claims from stockholders, employees, clients or penalties imposed by regulators.