Directors and Officers Insurance covers claims for decisions and actions taken by company executives. Policy covers defense costs and damages of wrongful act allegations and lawsuits.
Some of the insurance coverages provided by D&O are:
- Wrongful act
- Misrepresentation
- Trade secret theft
Some of the risks to consider:
- Legal defense costs
- Civil Fines / Civil Penalties
- Judgements
- Damages
- Bail Bond Costs