From www.aicd.com.au: Directors and Officers (D&O) insurance protects senior leaders from personal financial harm resulting from legal claims related to alleged wrongful acts, mismanagement, or breaches of duty.

This coverage is crucial in an increasingly litigious environment, serving as both a risk management tool and a recruitment asset that can attract top talent unwilling to gamble with their finances.

A robust D&O policy safeguards personal assets, ensures competent legal representation, and underscores a company’s commitment to prudent risk management.