Directors & Officers (D&O)
Definition. D&O covers personal liability of directors and officers for governance decisions, fiduciary breach, donor lawsuits, and similar claims.
Also known as: D&O, Directors and Officers Insurance
Critical for any organization with a named board, including nonprofits, religious organizations, schools, and corporations. Three coverage parts: Side A (individual officers when corporation can't indemnify), Side B (corporate reimbursement to indemnified officers), Side C (entity coverage for securities claims).
Example
A church board member is sued personally over an employment dispute. D&O pays defense + any settlement against the individual.
Sources cited
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Reviewed by California-licensed Property & Casualty insurance agent
Jason Wootton (CA License #0I94454). Not insurance advice, an individual recommendation, or a solicitation in any state. Insurance regulations vary by state. For specific coverage decisions, consult a licensed insurance agent in your state.
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