Directors and Officers

Directors' and Officers' (D&O) Liability insurance covers directors and officers for financial losses arising from actual or alleged wrongful acts. It includes cover for defense costs and expenses, investigation costs and extradition costs.

The insurance is closely related to corporate governance, corporate law, and the fiduciary duty owed to shareholders or other beneficiaries.

D & O Policy is in Two Sections, the first Section protects the Directors personally when they cannot be reimbursed by the Company, and the second section protects the Company but only when they are able to reimburse the Directors or Officers

The policy covers "wrongful acts" which includes actual or alleged error, act, and misleading statement, breach of duty, omissions or misstatements while acting for the organization.