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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... MBA Brief provides concise yet precise definitions of organizational concepts, management methods, and business models as taught in an MBA program. We keep it short and provide links to high-quality websites where you can learn more about your topic.
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