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 ?
TET: Will DDD look to expand with new products and/or acquisitions?
The coupling constants of two oxymethine protons at I' 4.18 (1H, ddd, J = 10.4, 8.8 and 3.8 Hz) and 3.80 (1H ddd, J = 11.1, 8.8 and 5.7 Hz) suggested 1,2-glycolic functions with a trans configuration and 2[alpha],3[beta]-dihydroxy cholestane type skeleton [9-10].
Plasma lipid concentrations were determined at the age of 11 to 14 weeks in DDD, B6, and [F.sub.1] mice and at the age of 11 to 12 weeks (71-80 days after birth) in [F.sub.2] mice.
Most of the concentrations of DDD residues in spinach were below the MRL while their concentrations in one sample were above the MRL of 0.2 mg/kg by 3.2 times.
[sup.1]H NMR [[(C[D.sub.3]).sub.2] CO, 200 MHz]: [delta] 7.70 (dd, J = 8.0,1.8 Hz, 1H), 7.32 (m, 5H), 7.21 (ddd, J = 8.4, 7.0,1.4 Hz, 1H), 6.83 (dd, J = 8.6, 0.8 Hz, 1H), 6.80 (br.
DDD (vertebral osteophytosis) occurs at the intervertebral joint, consisting of two adjacent vertebral bodies and the intervertebral disc.
Hyperactivation of the alternative pathway of complement as seen in C3GN and DDD can be associated with the presence of C3 nephritic factors (C3Nefs), which stabilize C3 convertase or its components against complement factor H- (CFH-) mediated decay, thus leading to prolonged and dysregulated activation of the complement system.
The pathologic changes were similar to previous reported familial comedo and DDD cases.[sup][5],[6]
A los 10 ddd (3.612 [+ o -] 0.215 mm (LT) y 3.429 [+ o -] 0.217 mm (LN)), Fig.
66% of its BTEC Extended Diploma students gained a triple distinction (DDD) or above, which is the equivalent of three As at A-level, an increase of 3% on last year.
26 April 2016 - UK-based software, hosting and managed services company K3 Business Technology has conditionaly agreed to purchase Danish retail software/hardware solution provider Retail Support International ApS (known as DdD Retail on a cash free/debt free basis for up to EUR 10m (around USD 11.33m), the company said.