Anyone at the helm of a public corporation, private company, or nonprofit organization can be held accountable for their business decisions in a court of law.
This means that a company’s executives can be personally at risk of being financially devastated by the staggering costs of legal defense or damages, and even the loss of their personal assets (such as their home or investments). If corporations want to attract the best leaders, they must protect them with Directors and Officers (D&O) Liability Insurance.
