Directors and Officers (D&O) of companies inevitably make decisions on a daily basis that can have tremendous consequences and effects on the people around them. Most Directors and Officers try to be circumspect in their dealings. However, it is worthy of note that even the best managers make mistakes. So, what happens if as a director or officer, you make a decision or take an action on behalf of your company that is seen as a “wrongful act” – even if you were acting in good faith?

This could result in a claim made against you for which you may be financially liable. Such claims are deemed insurable and can be done through the instrument of Directors’ and Officers’ Liability Insurance.

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