Tom Putman R.I.B.(ONT)
Directors & Officers Liability
D&O insurance (Directors and Officers insurance) is a type of liability insurance that provides financial protection to directors and officers of a company from legal claims made against them in connection with their work.
Directors and officers have a legal obligation to act in the best interests of their company and its shareholders, and they can be held personally liable for any breach of that duty. D&O insurance can help cover legal fees, settlements, and other costs associated with defending against these claims.
D&O insurance typically covers claims related to issues such as breach of fiduciary duty, negligence, mismanagement, fraud, and securities law violations. It is important to note that D&O insurance does not cover illegal acts or intentional wrongdoing.
D&O insurance is often purchased by public companies, private companies, non-profit organizations, and even educational institutions. The cost of D&O insurance can vary depending on the size and nature of the organization, as well as the level of coverage desired.