The Directors and Officers Liability Insurance ("D&O") is a liability insurance payable to the directors and officers of a company, or to the organisation itself. It serves as coverage for losses or advancement of defence costs in the event an insured suffers such loss as result of legal action brought for alleged wrongful acts in their capacity as directors and officers. The coverage may be increased to defence costs arising out of criminal and regulatory investigations/trials. Veritably, civil and criminal actions are often brought against directors/officers simultaneously. Even so, do note that intentional illegal acts and illegal profits are typically not covered under D&O policies. D&O coverage is provided in order for capable professionals to serve as forepersons of organizations beyond worry of personal financial loss as directors are not customarily managing the daily operations of the organization and cannot ensure that the organisation will be successful as business is intrinsically uncertain. Therefore, D&O is associated with broader management liability insurance covering liabilities of the organisation itself as well as the personal liabilities for the directors and officers of the organisation. It is a common misunderstanding that D&O coverage are mostly for public companies. Any business with board or advisory committee should consider investing in D&O insurance, including non-profit organisations. Your company does not have to post revenues in the millions of dollars for your directors and officers to be personally sued over their management of company affairs. In fact, smaller businesses with fewer assets may need the protection just as much as large, cash-rich companies. As an example, you may wish to consider D&O coverage, if, you intend to secure venture capital or funding from investors, D&O coverage is to be in place as a form of protection for the prospect investors, you wish to attract and retain qualified directors as D&O coverage will protect those who may be reluctant to put their personal assets at risk or your good self simply wish to have coverage/additional coverage to an existing D&O policy. For more details and assistance on D&O coverage you may message me directly.