Directors & Officers Liability Insurance

Directors & Officers Liability Insurance Basics

Imagine these scenarios affecting organizations of varying types and sizes:

Members of a trade association sue the group’s board of directors, accusing them of mismanaging association funds by spending thousands of dollars on a project that went nowhere.
Stockholders in a small restaurant chain sue the company’s risk management officer after a location suffers a total uninsured loss of the building, contents and food.
A taxpayer group sues a public library’s board of trustees for building up a reserve fund that the group

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