Directors and Officers Liability insurance, which is also known and Professional Liability Insurance or Management Liability Insurance, is a corporate policy that helps private, public, and non-profit operations protect their directors and officers against legal actions taken against them for their professional work.
In addition to protecting the directors and officers themselves, the policy also covers the company for their legal fees, settlements and other associated costs. D&O insurance is a requirement to attract the top talent to sit on your company board and or non-profit organization.