directors' and officers' insurance

directors' and officers' insurance
directors and officers insurance (directors' and officers' insurance), Also known as directors and officers liability insurance and D&O insurance.
An insurance policy usually taken out by a company on behalf of its directors and officers to cover liabilities arising from their activities as directors or officers of the company.
USA
An insurance policy usually taken out by a company on behalf of its directors and officers to cover liabilities arising from their activities as directors or officers of the company.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • directors and officers insurance — (directors and officers insurance), Also known as directors and officers liability insurance and D&O insurance. An insurance policy usually taken out by a company on behalf of its directors and officers to cover liabilities arising from their… …   Law dictionary

  • directors and officers liability insurance — directors and officers insurance (directors and officers insurance), Also known as directors and officers liability insurance and D&O insurance. An insurance policy usually taken out by a company on behalf of its directors and officers to cover… …   Law dictionary

  • Directors' and Officers — Insurance which can be obtained to protect directors and other officers from financial liability arising by virtue of their office. The cover is not comprehensive and there are many sources of liability which are not covered. Easyform Glossary of …   Law dictionary

  • Directors and officers liability insurance — (often called D O) is liability insurance payable to the directors and officers of a company, or to the organization(s) itself, to cover damages or defense costs in the event they suffer such losses as a result of a lawsuit for alleged wrongful… …   Wikipedia

  • Protection and indemnity insurance — Protection and indemnity insurance, commonly known as P I, is a form of marine insurance provided by a P I Club. A P I Club is a mutual (i.e. co operative) insurance association that provides cover for its members, who will typically be ship… …   Wikipedia

  • insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …   Black's law dictionary

  • insurance — A contract whereby, for a stipulated consideration, one party undertakes to compensate the other for loss on a specified subject by specified perils. The party agreeing to make the compensation is usually called the insurer or underwriter; the… …   Black's law dictionary

  • Insurance — This article is about risk management. For Insurance (blackjack), see Blackjack. For Insurance run (baseball), see Insurance run. In law and economics, insurance is a form of risk management primarily used to hedge against the risk of a… …   Wikipedia

  • insurance — noun ADJECTIVE ▪ comprehensive ▪ fully comprehensive car insurance ▪ adequate ▪ additional ▪ long term, short term …   Collocations dictionary

  • insurance — /in shoor euhns, sherr /, n. 1. the act, system, or business of insuring property, life, one s person, etc., against loss or harm arising in specified contingencies, as fire, accident, death, disablement, or the like, in consideration of a… …   Universalium

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