Results for tag: "Director And Officer Liability"

Director and Officer Liability (D&O) insurance is a type of insurance policy that provides protection for corporate directors and officers against claims made by shareholders, employees, and other third parties. It covers legal costs and damages that may arise from wrongful acts, errors, and omissions in the performance of their duties. D&O insurance is designed to protect the personal assets of directors and officers, as well as the company itself, from financial losses resulting from legal action. D&O insurance policies typically cover a wide range of risks, including breach of fiduciary duty, wrongful termination, and discrimination. The coverage also extends to the company itself, protecting it from losses resulting from the actions of its directors and officers. In addition, D&O insurance may also provide coverage for securities claims, such as those related to insider trading or other violations of securities laws. D&O insurance is an important part of corporate risk management, as it helps to protect the company and its directors and officers from financial losses resulting from legal action. It is also an important tool for attracting and retaining qualified directors and officers, as it provides them with the assurance that their personal assets are protected. Some of the companies in the D&O insurance market include AIG, Chubb, Allianz, AXA, Zurich, Liberty Mutual, and Marsh. Show Less Read more