D&O Insurance - Do you need it?

BEING on the board of directors of a company is a privilege. However, it comes with responsibilities - and liabilities. You may, for example, be sued by, say, a stakeholder who suffers financial loss and attributes it to a failure of your duty as a director.

Directors and Officers (D&O) Insurance provides directors and company officers liability cover for claims which may arise from the decisions and actions taken within their scope of regular duties and responsibilities.

Liability myths

Some directors do not consider D&O Insurance to be necessary. Among their misconcep…