Directors and officers (D&O) liability insurance

{
  "id": "MLC-T-INS-001174",
  "term": "Directors and officers (D&O) liability insurance",
  "field": "Insurance and risk management",
  "definition": "Insurance that protects corporate directors and officers against claims alleging wrongful acts committed in their capacity as corporate fiduciaries. It covers defense costs, settlements, and judgments arising from lawsuits such as breach of duty, misrepresentation, or mismanagement. D&O policies typically have three insuring agreements: A-side (direct coverage for individuals), B-side (corporate reimbursement), and C-side (entity coverage for securities claims).",
  "subject": "Management Liability",
  "url": "https://mlchart.com/terminology/insurance/directors-and-officers-d-and-o-liability-insurance/"
}