Directors and Officers is insurance coverage that protects the principals of a corporation from law suits that can arise as a result of mistakes or negligence by that business’ directors and/or officers.
Example: The chief financial officer of a company makes a misleading statement regarding the financial strength of his corporation. The statement was made as a result of bad information that he received. As a result, the value of the company suffers a substantial blow and a shareholder of the company decides to take legal action. Due to the D&O insurance carried by the company, the lawsuit would not be able to touch the personal assets of the company’s board.
Contact us today for more information about Directors & Officers Insurance or fill out our online quote form.
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