Did you know Business leaders can be held responsible for a company’s failure to comply with regulations and to provide a safe and secure workplace, for example? The company can also be sued and  held liable for losses because of operational failures and mismanagement.

Directors and officers also known as D&O liability insurance protects corporate directors and officers if they are personally sued for actual or alleged wrongdoing when managing a company. The insurance can help cover defense costs and damages (awards and settlements)

Common claims brought against directors and officers include:

• Lack of, or poor corporate governance
• Company or stock underperformance
• Breach of fiduciary duty resulting in financial losses or bankruptcy
• Failure to comply with laws and regulations
• Making decisions without necessary authority
• Employment practices and HR issues