Executive Risk (D&O)
Often called D&O, Executive Risk is insurance that is payable to the organization or the directors and officers of an organization, as indemnification (reimbursement) for losses suffered by an insured as a result of a legal action brought against the directors and/or officers for alleged wrongful acts. Coverage may extend to defense costs from criminal and regulatory investigations and trails. Intentional illegal acts are not typically covered.
3 Key Clauses in a Traditional D&O Policy
- Provides coverage to individual directors and officers when not indemnified by the organization
- Provides coverage to the organization when it indemnifies the directors and officers
- Provides coverage to the organization itself for claims brought against it
Request an Executive Risk (D&O) Quote
Contact us today for a free consultation.