Directors And Officers Liability Insurance

Definition of "Directors and officers liability insurance"

Barbara Sivba  Team real estate agent

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Barbara Sivba Teamelite badge icon

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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