Directors and Officers Liability Insurance is a crucial policy for any company’s management team. It offers financial protection to directors and officers in case they are sued in relation to the performance of their duties for the company. This policy covers legal costs and damages that arise from claims of wrongful acts, breach of duty, or other related lawsuits.
Directors and Officers Insurance is different from Errors & Omissions Liability Insurance. While Errors & Omissions insurance covers performance failures and negligence related to your products and services, Directors and Officers insurance covers the management’s performance and duties.
Having both Directors and Officers Liability Insurance and Errors and Omissions Liability Insurance is a wise decision for any company. These policies provide comprehensive coverage to ensure that your company is protected against all possible risks. With the right insurance, your management team can focus on making strategic decisions that drive your business forward, without the fear of legal liability. Contact us to learn more about how Directors and Officers Liability Insurance can protect your company and its management team.