The directors and officers of big companies and also the non-profit organizations are always at a risk of lawsuits being filed against them in the court of law. The main reason of the directors and officers being at this risk is that investors and shareholders can hold them liable for the poor financial state of the company. Because of this, the Directors Liability Insurance is quickly becoming a fixed element of the insurances being bought by the organizations having shareholders these days.
There can a lot of facets to a Directors Officers Insurance cover. The most basic directors and officers insurance policy provides protection against any kind of lawsuits and all the cost incurred as the legal fees to defend the case in the court of law. The cover can also be enhanced and you may also get protection against all sorts of security claims and also the claims made by the employees.
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