directors and officers insurance

directors and officers 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.
+ directors and officers insurance, Also known as directors and officers liability insurance and D&O insurance.
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.

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