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directors' and officers' liability insurance |
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OTTAWA -- Volunteer Canada announced that it is offering a Directors' and Officers' Liability Insurance. In September of 2006, AIG Passport for Directors and Officers (D&O) was introduced to facilitate the purchase of locally admitted directors' and officers' liability insurance. The personal policy provides coverage to independent directors when certain losses are not indemnified by their companies or paid by other directors' and officers' liability insurance. |
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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.
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directors' and officers' liability insurance
