FIRMS’ D&O EXPOSURE MAY NOT BE UNDERSTOOD

Source: Insurance Times - November 2021.

"Many senior leaders could find that they are not covered in the event of a claim, says insurer

Senior leaders may not understand their own directors’ and officers’ (D&O) exposure, according to new research published by insurer QBE today (26 November 2021). 

D&O insurance is intended to protect company leaders from personal losses if they are sued as a result of serving as a director or as an officer of a business or other type of organisation. Typically, it covers the cost of defending legal proceedings and investigations, damages if the individual is found liable, as well as civil fines and penalties.”

Read the full Insurance Times article here.