Expose Directors And Officers Liability/ D&O
Directors And Officers Liability/ D&O Technical Terms
Directors And Officers Liability/ D&O : Coverage for the alleged wrongful acts of insured parties, normally Board members, officers, volunteers, and possibly the Association itself. Such acts can include errors in judgment, breaches of duty, and wrongful acts in carrying out prescribed duties. The coverage is distinct and separate from CGL. It may be extended to employees and property managers. Many policies exclude defense and damages for decisions relating to the purchase of insurance.