Directors and Officers Insurance (also referred to as D&O) is coverage against liability claims as a result of activities related to a collective group or individual’s capacity as a director or officer of an organization. The most common example is being on a board for a non-profit, but it can also be for-profit, public, or privately held firms and educational institutions.

D&O insurance covers claims brought against the organization because of wrongful acts and/or managerial decisions in their capacity as directors and officers that result in adverse financial consequences and for situations not otherwise covered under General Liability. 

While D&O insurance is not an expensive policy for the organization, it is vital and necessary to protect those individuals asked to consider the role. FirstMark recommends clients let us investigate this before agreeing to accept such a position as personal insurance will NOT extend.

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