A directors and officers (D&O) insurance claim is a request for coverage under a D&O insurance policy. D&O insurance is a type of liability insurance that protects directors and officers of a company from personal liability for claims made against them by shareholders, employees, or other third parties. D&O insurance claims can arise from a variety of circumstances, including allegations of breach of fiduciary duty, mismanagement, or fraud.
D&O insurance is an important tool for protecting the personal assets of directors and officers. Without D&O insurance, directors and officers could be held personally liable for damages awarded in a lawsuit against the company. This could have a devastating financial impact on the directors and officers, as well as their families.
