D&O Insurance

Directors and Officers liability insurance is specifically for those who own and operate a company or serve on the board of directors of a corporation or non-profit organization. This coverage insulates you from financial loss if the organization – or you – are sued. 

Shareholders might allege misleading financial statements or failure to fulfill your fiduciary obligations. Regulators might investigate potential compliance violations or the leadership’s decision-making process. An employee might allege discrimination or wrongful termination. 

The policy should be purchased by the organization, and you should never serve on a board that doesn’t have this policy in place for you.