Understanding D&O Insurance: What Is D&O Insurance Explained

Directors and Officers (D&O) insurance provides coverage for companies and their management against claims arising from their decisions and actions. D&O insurance reimburses defense costs, settlements, and awards resulting from claims made by shareholders or third parties for alleged wrongdoing. It also covers monetary damages and provides some coverage for the company itself if it is sued. Coverage is usually for current, future, and past directors and officers of a company and its subsidiaries. D&O insurance policies do not cover deliberate fraudulent or criminal actions. D&O insurance is important for companies of all sizes, as lawsuits can be expensive and

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