The Andreini Advantage

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Viewing ‘Directors & Officers Liability’ Category

Why do privately held firms purchase Directors & Officers Liability Coverage?

Directors and Officers Liability InsuranceWith difficult economic times comes an increase in rare and unusual business disputes with complaints including such things as unfair competition, discrimination, negligent misrepresentation, unfair business practices, breach of contract, conflict of interest, price fixing, etc. Most all businesses purchase Commercial General Liability Insurance coverage that would respond to claims of their negligence causing bodily injury, property damage or personal injury. However, these policies do not respond to complaints for economic damage. There is a coverage, Directors & Officers Liability (D&O) that is designed specifically for these risks.

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