Directors & Officers Liability Insurance
Directors & Officers Liability insurance is a policy designed to provide financial protection for the directors, officers, and the corporate entity which they serve in the event that lawsuits alleging mismanagement of the corporation are brought against the directors/officers, either individually or collectively. Since virtually all corporations have bylaws in which the corporate entity, in the vast majority of cases, bears the financial responsibility of indemnifying directors/officers for their alleged misdeeds. A D&O policy is a financial tool through which the corporate entity can be reimbursed for its costs in defending and settling lawsuits against its directors/officers. In certain circumstances, such as bankruptcy or derivative lawsuits, where the corporation cannot indemnify its directors/officers, the D&O policy affords front-line financial protection for the directors/officers.
For more information about our top-rated Directors & Officers Liability Insurance policies and options please contact CM&F Group at 1-800-397-3008, ext: 105 or via email at "Contact Us".