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By Directors Insurance
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Directors and officers (D&O) insurance is a type of professional liability insurance. When the directors and officers make decisions on behalf of the management, they are exposed to certain liabilities and lawsuits. Therefore, companies purchase D&O insurance to cover the losses related to such penalties and lawsuits against the decision-makers. Purchasing D&O insurance is a safety measure that the company takes for the top-level employees and not the company itself. D&O insurance covers claims related to misuse of company funds, misuse of assets, fraudulent activities, intellectual property theft, and breach of workplace laws. Additionally, companies need D&O insurance if they are looking for venture capital. Many investors require the company to have D&O insurance. To top the necessary coverage, the insured can also endorse contents as per the risk-level and requirement. You can consult an experienced insurance agent to get the best advice. To know more about D&O insurance, click here: https://quotezebra.com/directors-and-officers-insurance/