D&O insurance

D&O insurance
An insurance policy usually taken out by a company on behalf of its directors and officers to cover liabilities arising from their activities as directors or officers of the company.
USA
An insurance policy usually taken out by a company on behalf of its directors and officers to cover liabilities arising from their activities as directors or officers of the company.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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