Practical Law Glossary Item 4-382-3408 (Approx. 2 pages)
Glossary
Directors and Officers Insurance
Also known as directors and officers liability insurance and D&O insurance. An insurance policy taken out by a company and payable to the company's directors and officers or to the company itself to cover liabilities arising from lawsuits, investigations or proceedings against the directors and officers based on alleged wrongful acts by them in their capacity as directors and officers of the company.