Directors and officers (D&O) liability insurance is designed to protect individuals who are personally sued for wrongdoing while serving as directors or officers of an organization. It provides coverage for defense costs and any resulting settlements the directors, officers and the organization are required to pay.

Wrongful acts and allegations covered under D&O policies include:

• Errors, misstatement or misleading statements
• Acts of omission or neglect
• Attempted or committed breaches of duty