Re: What an amazing trap - FYI , D&O Insurance !
in response to
by
posted on
Nov 21, 2017 11:26AM
Company directors and officers have a moral and legal obligation to do what they feel is in the best interest of the company. Unfortunately, lawsuits and damage claims have risen tremendously in recent years. Some of these suits are aimed directly at the corporate officers or directors while others aim at the company itself.
Directors and officers insurance also known as D&O, is financial protection against management specific claims. It is similar to Errors and Omissions insurance (E&O), but covers executive and corporate performance instead of professional service performance.
Directors and Officers insurance protects corporate executives when mis-management claims are made against them from stockholders, employees, and outside parties.