Directors and Officers Liability
Directors & Officers Liability, aka D & O liability, is intended to cover the wrongful acts of intentional decisions made by the Board of Directors of an organization. These actions may be in error and wrong, but they are, nonetheless, "intentional" acts. Most other types of insurance policies will not provide coverage for "intentional" acts. Among the items, a good directors and officers policy should include broad coverage for all types of employment related actions, including wrongful termination, harassment, discrimination, failure to hire, etc. It should also pay defense costs as they are incurred rather than on a reimbursement basis. This coverage is not provided on a standard form and each company can provide terms per their own policies. Be sure you are working with a broker or agent who is experienced in selling this coverage.
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CHARITY ONE INSURANCE AGENCY, INC.
680 E. Alosta Avenue
Azusa, CA 91702