What is another name for coverage provided by Directors' and Officers' insurance?

Directors' and Officers' insurance serves as a crucial risk management tool that primarily protects the personal assets of corporate directors and officers, as well as the organization's assets in case they are sued for alleged wrongful acts while managing the company. This form of insurance is essential for addressing legal costs, settlements, or judgments associated with claims made against directors and officers.

The terminology associated with this type of insurance can vary, but one of the most widely recognized alternative names is "Directors' and Officer's Coverage." This name clearly indicates the focus on protecting the specific roles of directors and officers, highlighting its relevance to individuals in those positions. Therefore, referring to it as "Directors' and Officer's Coverage" appropriately encompasses the essence of what this insurance is designed to safeguard.

In contrast, terms like "Executive Protection Coverage" and "Directors' Liability Insurance" may not fully capture the breadth and specifics of the coverage provided, nor are they as widely recognized as the primary designation for this particular insurance type. Similarly, "Corporate Liability Coverage" may pertain to broader corporate risks that do not specifically address the individual protections for directors and officers.