directors and officers (D&O) insurance
Definition
Personal liability insurance that provides general cover to a firm's directors and senior executives. Paid usually by the firm, it reimburses (in part or in full) the costs resulting from law suits and judgments arising out of poor management decisions, employee dismissals, shareholder grievances, and other such acts committed in good faith. Criminal offenses are not covered under this insurance.
directors and officers (D&O) insurance is in the Corporate, Commercial, & General Law, Entrepreneurship, Management, & Leadership and General, Marine, & Life Insurance subjects.
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