Directors And Officers Liability Insurance


Definition of "Directors and officers liability insurance"

Barbara Sivba  real estate agent
Barbara Sivba , Real Estate Agent Coldwell Banker Residential Brokerage - Danbury

Coverage when a director or officer of a company commits a negligent act or omission, or misstatement or misleading statement, and a successful libel suit is brought against the company as a result. Usually a large deductible is required. The policy provides coverage for directors' and officers' liability exposure if they are sued as individuals. Coverage is also provided for the costs of defense such as legal fees and other court costs.

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