D&O Indemnity Policy

Directors and officers (D&O) liability insurance protects the personal assets of corporate directors and officers, and their spouses, in the event they are personally sued by employees, vendors, competitors, investors, customers, or other parties, for actual or alleged wrongful acts in managing a company.

Typically, a D&O insurance policy will specifically exclude: Cover for an act, omission or dispute which occurs prior to the policy period which the director knew or ought reasonably to know was likely to give rise to a claim. Any deliberate act of fraud or dishonesty.