Insurance term
Directors and Officers (D&O) Insurance
Directors and Officers (D&O) Insurance helps protect company leaders, such as directors and officers, if they are accused of making decisions that caused financial harm or other losses while managing the business. It can help pay for legal defense costs, settlements, and judgments, subject to the policy terms and exclusions.
Example
A shareholder sues a company’s board for alleged mismanagement after a failed acquisition, and the D&O policy helps cover the legal defense costs.
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