Directors & Officers Liability

Individuals who serve as directors and officers of organizations are fiduciaries. They are entrusted to manage the affairs of their organizations. No matter how diligent they may be, things happen. Having the right directors and officers (D&O) coverage will protect them if they are held liable for their action or inaction.

Such obligations most often are required by statutes and/or are specified in the corporation’s charter of bylaws. An organization’s willingness to provide both direct coverage by means of D&O insurance and an indemnification agreement serves as additional reassurance to prospective board members who might otherwise be reluctant to assume the risk of serving as a trustee. Contact us for guidance and more information.