D&O (Directors and Officers Liability Insurance) Created to protect the personal assets of executives, such as directors, administrators, board members and managers of companies, against legal or administrative proceedings for acts of management during the performance of their duties.
This insurance is important, because executives are often sued in court, being their private assets compromised. If there is any responsibility for the management act, the insurer will guarantee the preservation of your personal assets.
D&O insurance does not cover damages generated to third parties by the organization where policyholders perform their professional activities.
Some types of coverage: