D&O is a policy companies purchase to protect their board assets from a spectrum of lawsuit types. Directors and officers insurance is a type of liability coverage for businesses covering its directors and officers against lawsuits alleging that a breach of fiduciary duty has occurred. This coverage lets a company’s leaders function without fear of personally suffering a financial loss. At its most basic level, a directors and officers insurance policy provides liability coverage that is payable either directly to those company leaders or to the business itself. The policy’s…
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