Private company directors and officers liability insurance

{
  "id": "MLC-T-INS-002671",
  "term": "Private company directors and officers liability insurance",
  "field": "Insurance and risk management",
  "definition": "Liability insurance designed to protect the directors, officers, and sometimes employees of privately held companies from claims arising from their management decisions and actions. It covers defense costs and damages for alleged wrongful acts, such as breach of fiduciary duty, misrepresentation, or employment practices violations. This coverage is distinct from policies for publicly traded companies due to different regulatory exposures.",
  "subject": "Management Liability",
  "url": "https://mlchart.com/terminology/insurance/private-company-directors-and-officers-liability-insurance/"
}