Directors and officers liability insurance provides protection for past, present and future directors and officers of your company if there is an alleged or actual wrongful act which they may have committed while in their positions. A wrongful act may be alleged or actual error, omission, misstatement, misleading statement or breach of duty.
This policy is not to be confused with Errors & Omissions (E&O) policies. E&O policies protect your business from performance errors and negligence in connection to the services or products offered by your company. Directors and officers liability policy protects your business from the duties of management.