Directors and Officers Liability Insurance

Directors and officers of a corporation may be liable if they damage the corporation in breach of their legal duty, mix personal and business assets, or fail to disclose conflicts of interest. Directors and Officers (or D&O) coverage is designed to insure provide the protection in the event and can be payable to the board members or to the organization itself depending on the circumstances. If you serve on a board, even a not for profit board it’s important that this coverage is in pace as your own personal assets would be depleted in trying to defend such a claim without it.