Insurance solutions by Rutledge and associates
Director and Officer Liability
often referred to as D&O is insurance which is payable to the officers and directors as reimbursement for losses or as an advancement for defense costs in the event an insured has a loss as a result of legal action for alleged wrong doing as acting officer and/or director. D&O insurance does not cover bodily injury, property damage, dishonest or fraudulent acts, accounting of profits, pending and prior litigation, ERISA claims, pollution and breach of contracts. This insurance protects the personal assets of officers and directors for their actions serving as officers/directors.