Directors and Officers Liability Insurance provides financial protection for the directors and officers of your company in the event they are sued related to the performance of their official duties.
It can include:
- Employment Practices Liability which includes harassment and discrimination suits.
- Errors and Omissions Liability concerned with performance failures and negligence with respect to your products and services, not the performance and duties of management.
Generally it is a good idea to carry both Directors and Officers Liability Insurance and Errors and Omissions Liability Insurance.
Directors & Officers Insurance protects you against claims from stockholders, employees, and clients that may be made against the company, AND against its directors. Since a director can be held personally responsible for acts of the company, most directors and officers need this to protect their personal assets.
To Find Out More, Give Us A Call at 240-580-1839, or Request a Quote