Directors and Officers Liability Insurance

A company invests in directors’ & officers’ liability insurance to protect itself or its senior management. Such protection is needed if anyone sues the company or its top officials for actual or alleged professional misconduct. A D&O insurance policy covers the defense costs and settlements that could result from such a lawsuit and also covers […]

A directors’ & officers’ liability insurance policy covers an organization’s directors and officers. But would a D&O Liability insurance cover staff who are hired on a contractual basis? Who is a contractual employee? A contractual employee is one who works for the employer under a contract. The employer hires such an employee for a particular […]

The directors’ & officers’ liability insurance  (D&O) policy covers wrongful employment practice claims. This post attempts to provide a better understanding of what kind of claims can be made under the category of wrongful employment practices. What are wrongful employment practice claims? Past or present employees of a company can make wrongful employment claims. The […]

D&O liability insurance — a claims-made policy A directors’ & officers’ liability insurance is usually a claims-made policy. It indicates that the D&O liability insurance includes only the claims that occur and are reported while the policy is active. A claims-made policy is different from a claims-occurred policy. Because, in the latter, the policy that […]