Directors and Officers Insurance Claims

As an officer or a senior manager responsible for the decision-making of a business, a small mistake can have huge consequences. There is a probability that your decisions may hurt or cause some damage to your customers, employees, investors or any other stakeholder involved. This responsibility of the individuals at the higher level in an organization is called a fiduciary duty. And, when this duty is breached, individuals can be held liable for defense and settlement costs. Directors and Officers Insurance protects the company and the individual from this grim situation. In the article below, we shall look at some of the common Directors' and Officers' insurance claims.