What is Directors & Officers Liability?
Directors and Officers Liability insurance policies cover company managers in order to protect them from claims which may arise from the decisions and actions taken within the scope of their regular duties. Quite simply, managers can make mistakes-and are often personally legally liable for them. They constantly walk a fine line, making tough and complex decisions. A company needs to ensure that its directors and officers have the room to make decisions.
D & O insurance supports good corporate governance by making the risks of these decisions manageable and transparent.
The challenges today’s Directors and Officers face are ever changing. The governing principles and requirements attached to directors and officers continue to evolve and the conduct and accountability for decision making are now, more than ever, under increasing regulatory scrutiny owing to the magnitude of capital market losses. Applied Resource Insurance Solutions executive protection specialists can develop custom solutions for your business. We’ll help you reduce the risk and control your exposure to the catastrophic loss of personal assets in director’s and officers’ litigation. Your effective corporate governance, combined with sound risk management, and the broadest D & O liability insurance protection available is the smart decision in the face of today’s uncertain times.