Directors and Officers Insurance (D&O)
Insurance that protects the personal assets of corporate directors and officers if they are sued for alleged wrongful acts while managing a company. D&O policies cover legal fees, settlements, and judgments. It is critical for attracting qualified board members who might otherwise be unwilling to serve.
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Disclaimer: This glossary entry is for informational purposes only and does not constitute financial or insurance advice. Consult with a licensed insurance professional for personalized guidance. GuardianChoices may earn affiliate commissions from links on this site — see our advertiser disclosure.
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