California Directors and Officers Liability Insurance
When discussing Orange County, California Directors and Officers Liability Insurance, we are referring to a liability policy whose coverage provides protection for past, present, and future directors and officers of for-profit companies, non-profit companies, privately held firms, and educational institutions from damages resulting from acts alleged or actual wrongful acts the directors and officers may have committed in their position with the company.
This type of liability policy provides protection in case there's any actual or alleged comissions, errors, misleading statements given, or breach of duty. These policies function as management errors and omissions liability insurance covering claims resulting from managerial decisions that have severe financial consequences. When your Orange County, California assembles its board of directors, the wise choice is to acquire Directors and Officers Liability Insurance coverage.
Please take note that this type of policy is not errors and omissions liability coverage, so clients sometimes confuse the two types of coverage. An Orange County, California directors and officers insurance policy is very important for any company that has its officers responsible to investors or a board, or if there's a possibility of lawsuits able to breach the business veil and hit executives directly. This insurance plan will be a safeguard against that scenario as well.
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