Do you need directors and officers insurance? To protect your assets, the answer may well be yes
Abstract: In the current post-Sarbanes-Oxley business environment, investors expect greater transparency, and lawsuits are more common than ever. Not only can a company be held financially liable, but so can directors or officers. This is why a directors and officers (D&O) insurance policy is necessary to protect personal assets. But it’s important to determine exactly what a specific policy covers. A sidebar to this article explains why D&O insurance is important for nonprofit executives, as well.