Which of the following statements concerning directors and officers liability insurance (D&O)is (are)true?
I.D&O policies usually cover the personal liability of directors and officers.
II.D&O policies exclude coverage for claims brought by employees and by stockholders.

Question

Quizplus · Accepted Answer

Statement I is true. D&O insurance policies are designed to provide coverage for directors and officers against claims made against them for alleged wrongful acts committed in their capacity as directors and officers.

Statement II is false. D&O policies may provide coverage for claims brought by employees and stockholders, depending on the policy's terms and conditions.

Which of the Following Statements Concerning Directors and Officers Liability