Commercial Insurance Solutions
Directors and Officers Liability Insurance (DO) provides financial protection for the directors and officers of your company in the event of any litigation against them related to the performance of their duties as they relate to the company.
Directors and Officers Insurance is important since in the event that claims from stockholders, employees, and clients are made, they are made against the company and the directors of the company. Since a director can be held personally responsible for acts of the company, most directors and officers will demand to be protected rather than put their personal assets at stake.
AIB understands the nuances of this specialized insurance and will consult closely with your company while explaining how D and O insurance differs from Error and Omission coverage, for example. E and O is concerned with performance failures and negligence with respect to your products and services, not the performance and duties of management.