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Definition: Directors and Officers Liability Insurance is a form of business insurance that covers executives and the board of directors of a company, and/or the organization itself, in the event they are sued in conjunction with an (alleged) malpractice, error, omission, ambiguous assertion, violation of duty in the performance of their duties as they relate to the company. |
More on insurance: Business Insurance, Business Interruption Insurance, Business Liability Insurance, Commercial Car Insurance, Commercial Insurance, more on insurance... You may also like: Full-time MBA, Executive MBA, Executive Education, Online MBA. MBA Brief offers concise, yet precise definitions of concepts, methods and models as taught in a study Master of Business Administration. We like to keep things short, and provide links to learn more about your subject.
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