What is Directors and Officers Liability Insurance?
Directors and Officers Liability Insurance provides financial coverage for the directors and officers of your company in situations where a financial loss has occurred and is directly related to that individuals execution (or lack) of their fiduciary obligation to the company.
The difference between D&O and Errors & Omissions Liability Insurance
Directors and Officers Insurance is often confused with Errors & Omissions Liability. The two are not synonymous; Errors & Omissions is concerned with performance failures and negligence with respect to your products and services, not the performance and duties of management. To make it even more confusing, quite often clients actually need a blend of both E&O and D&O coverage at various coverage levels to truly get the real coverage they are seeking.