Business risk
Directors and Officers (D&O)
Also: D&O · Directors' liability
Insurance that protects the personal assets of directors and officers against claims for their management decisions.
In practice
Covers the defence from the first requirement, which is when the real expense begins. It is contracted on a claims-made basis, so retroactivity and the discovery period matter as much as the limit.
Where it is addressed
This term is covered in Gobierno corporativo and applies when taking out D&O.
