directors' and officers' liability insurance

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Directors' and Officers' Liability Insurance

Insurance a publicly-traded company purchases to reimburse senior management, or the company itself, for damages and legal expenses incurred as the result of a lawsuit for negligence. For example, if the board of directors' actions led to a massive loss for the company resulting in a lawsuit, directors' and officers' liability insurance will cover the cost of the lawsuit for the company as a whole and the individual directors. It is important to note that directors' and officers' liability insurance does not cover intentionally wrong actions, only negligence. It is often called D&O insurance for short.

directors' and officers' liability insurance

A type of insurance taken to protect a firm's directors and officers against lawsuits—mainly suits instituted by unhappy shareholders of the firm. Directors' and officers' liability insurance has become more expensive and more difficult to obtain in recent years as the number of lawsuits has increased dramatically. Companies find it very difficult to recruit outside directors unless the candidates are supplied with liability insurance. Also called D&O Coverage.
References in periodicals archive ?
Helen Firth, who is the clinical lead for the study conducted by DDD and an author from the Department of Clinical Genetics at Addenbrooke's Hospital, said, "This project would not have been possible without the nationwide reach of the UK National Health Service, which has enabled us to unite a number of families who live hundreds of miles apart but whose children share equivalent mutations and very similar symptoms.
As the headline supporter of DDD, Van Cleef will roll out its latest "Bals de Legende" on an awe-inspiring themed booth reflecting the true spirit of the collection, said a company statement.
They selected mice of advanced age (9-11 months) because they represent an age at which there is histological evidence of OA and DDD.
DDD Security Systems provides residential, commercial and industrial sectors with products such as alarms, CCTV and access control.
Our relationship with SANYO further underlines the role that DDD is playing in delivering high quality content solutions for professional and consumer users in the growing market for 3D displays.
During the arrested landing deceleration, the handheld GPS became dislodged from its holder on the DDD handle and struck and displaced the pilot's ejection seat firing mechanism.
Akbar Poonawala, Head of Global Equity Services at Deutsche Bank said, "We welcome DDD to our depositary receipts platform.
Smith demonstrated that CDX-1135 can control the activation of AP complement in serum samples from DDD patients in vitro.
We have been working closely with the DDD team to integrate 2d to 3D conversion onto our Qvu VPU since late last year," said Sherjil Ahmed, Quartics' CEO.
Embedding DDD's market-leading TriDef solution with in the Quartics Qvu Video Processor is the next step in delivering high quality, cost effective 3D content solutions for OEM customers now seeking to introduce next generation 3D products," said Chris Yewdall, chief executive of DDD.
DDD has qualified its TriDef Core embedded 3D image processor to run on Altera's Arria[R] GX FPGA.