{"id":18793,"date":"2017-11-02T09:47:33","date_gmt":"2017-11-02T09:47:33","guid":{"rendered":"http:\/\/colemont.lt\/?p=18793"},"modified":"2023-06-15T15:43:56","modified_gmt":"2023-06-15T12:43:56","slug":"directors-officers-liability-insurance","status":"publish","type":"post","link":"https:\/\/colemont.lt\/en\/directors-officers-liability-insurance\/","title":{"rendered":"Directors and officers liability insurance"},"content":{"rendered":"

Directors and officers liability Insurance\u00a0(often called\u00a0“D&O”) is\u00a0liability insurance\u00a0payable to the directors and officers of a company, or to the organization(s) itself, as indemnification (reimbursement) for losses or advancement of defense costs in the event an insured suffers such a loss as a result of a legal action brought for alleged wrongful acts in their capacity as directors and officers.<\/h3>\n

Such coverage can extend to defense costs arising out of criminal and regulatory investigations\/trials as well; in fact, often civil and criminal actions are brought against directors\/officers simultaneously. Intentional illegal acts, however, are typically not covered under D&O policies.<\/p>\n

It has become closely associated with broader management liability insurance, which covers liabilities of the corporation itself as well as the personal liabilities for the directors and officers of the corporation.<\/p>\n

For the better understanding of this kind of insurance Colemont CEO\u00a0Giedrius \u010ciurinskas\u00a0<\/strong>have presented\u00a0<\/strong>lecture \u201cDirectors and officers liability insurance<\/strong>\u201d.<\/b><\/p>\n