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Directors and Officers Liability Insurance

Coverage for Wrongful Acts

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Directors and Officers Liability Insurance

What is Directors and Officers Liability Insurance?

It protects any officer or director of a company from damages as a result of any wrongful act committed while serving in the director or officer position.

Such situations include:
error
misstatement
omission
misleading statement
breach of duty

Considerations:

Some policies may offer the same coverage for employees.
Many investors require this policy to be put in place before funding a company .
A D&O policy is different from a Error & Omissions policy in that it specifically zeroes in on the performance of the executive team rather than an error with products or services.

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