Who Does Directors and Officers Liability Cover?

Directors & Officers Liability, TJ Woods Insurance Agency, Worcester, MAMost organizations have a general liability policy that protects members of a company against negligent acts that result in property damage or bodily injury. However, general liability does not protect against accusations of wrongful acts or omissions, such as breaches of duty. To protect members of the company against such accusations, Directors and Officers Liability Insurance was created. While it gets its name for the two most-targeted members of a corporation for personal lawsuits, the coverage of this policy extends to other people in the organization as well. [Read more…]

The Basics of Directors & Officers Insurance

Directors & officers insurance, TJ Woods Insurance Agency, Worcester, MAWhen a company gets big enough, it’s oversight must be managed by key employees known as directors and/or officers. From the Chief Executive Officer to a Board of Directors, these key people make decisions and set policy that can have dramatic effects on the company, its employees, its beneficiaries, and the public. Since these changes can result in changes to the company’s image, profitability, and employment, these directors and officers have a lot of liability leveled directly at them. When your managers have the looming threat of lawsuits leveled by internal and outside interests, it’s important to have them protected. [Read more…]