What does D&O mean? Read on to discover the definition & meaning of the term D&O - to help you better understand the language used in insurance policies.
Directors and officers liability insurance (D&O) refers to liability insurance that covers directors and officers for losses they may suffer in case of a legal action against them. D&O is payable either to the directors or officers or the company itself and generally protects them from claims brought about by customers, competitors, regulators, or business partners.
We hope the you have a better understanding of the meaning of D&O.