Jennifer was just asked to serve on the Board of an insurance company.Jennifer is concerned that if the company is mismanaged,the policyowners,stockholders,and employees might sue the management team.What type of liability insurance will protect Jennifer from such claims if she accepts a position on the insurance company's Board?

Question

Quizplus · Accepted Answer

Directors and officers liability insurance is designed to protect individuals who serve on the board of an organization from lawsuits that might arise from mismanagement. This type of insurance covers the costs of defending against legal claims as well as any damages that might be awarded in a lawsuit.

Jennifer Was Just Asked to Serve on the Board of an Insurance