Directors & Officers Liability
The senior leadership of your company or non-profit can be protected with a D&O policy if a claim is made for negligent acts or omissions, or misleading statements. The D&O policy protects financial decisions made by directors and officers to protect their personal assets.
Examples of risks board members face that are not covered by the organization’s policy:
- Employment-related lawsuits, such as harassment and wrongful termination
- Tax reporting and filing errors
- Failure to ensure compliance with regulations or state and local laws
- Claims of negligence in carrying out duties of care and diligence