NLIC.org

Chester Said:

What is Directors and Officers insurance?

We Answered:

previous answer about Key Man insurance is not the same. Key man is life insurance.

D & O offers liability insurance for the directors & officers of a company to protect them from shareholder lawsuits claiming that they acted improperly in the discharge of their corporate fiduciary duties. It is hard to get directors/officers without offering them a level of protection.

Tyrone Said:

How come Mexicans believe if caught driving without insurance & vehicle registration its racist to pull them?

We Answered:

i tell my boyfriend that all the time..and he drove around and they took his vehicle..i laughed and of course went got it out and put it in my name and now he just pays my insurance.i have no clue i think he didnt care but when it came down to getting stopped he just acted like he didnt know..and i am pretty fair and knew the police that stopped him so he had to learn the hard way!! also it is not just mexicans cause i know these people who pay insurance and use their 6 month insurance card when it expires then they will pay again and never get caught,

Freddie Said:

What are the main differences between "Directors and Officers Insurance" and Errors and Omissions Insurance?"

We Answered:

D and O insurance is designed to protect decision makers against the potential liability from shareholders of the business. It is used primarily by public companies to protect their executives.

E and O insurance is used primarily by those who provide services directly to clients and customers to protect them against liability due to a mistake or some kind of omission or oversight. CPA's, insurance agents, lawyers and so forth use this kind of insurance.

Hope that helps.

Ella Said:

please provide the details on directors & officers liability insurance?

We Answered:

"D&O offers individual directors and officers the protection they need from personal liability and financial loss arising out of wrongful acts committed or allegedly committed in their capacity as corporate officers and/or directors by transferring this risk to the insurance market. D&O covers have gradually broadened over the years, but a combination of rising claims numbers, a doubling of average settlement cost per claim, and increased shareholder activism has radically changed that market. Not only are premiums increasing, but layers of cover are being stripped away, leaving many directors unknowingly exposed to greater personal risk than ever before."

Brenda Said:

Directors and Officers Liability Insurance?

We Answered:

Here is a good site from Pepperdine University - http://gbr.pepperdine.edu/053/dopolicy.h…

Try the blog D & O Diary at - http://dandodiary.blogspot.com/

International Risk Management Institute - http://www.irmi.com/Default.aspx