This insurance provides financial protection for the directors and officers of your company in the event they are sued in conjunction with the performance of their job duties. Think of it as a management errors and omissions policy.
Directors and officers insurance is often confused with errors and omissions liability. The two are not synonymous. Errors and omissions is concerned with performance failures and negligence with respect to your products and services, not the performance and duties of management. Generally it is a good idea to carry both types of insurance, depending on the type of business you have.
Contact us for more information, or request API’s free, no-obligation comparative quote from multiple insurance carriers to get the best possible rate.