Directors and Officers
Directors and Officers protects directors, officers, board members, and managers from allegations of wrongdoing in regards to their leadership with the company.
COVERS:
- Monetary damages
- Actual or alleged wrongful acts
- Management errors
- Related defense costs
- Settlement costs
EXAMPLE: Your company unintentionally fails to follow a new law and now shareholders and investors are claiming negligence by the company’s leadership. Shareholders sue you and your executive management team individuals, holding them personally responsible for their losses. You and your executive management team’s defense and settlement costs are covered by your company’s Directors and Officers coverage.
*Specific coverage may vary by policy
