D&O covers how the organization is run. Professional liability covers what it sells. A claim that a board approved a bad acquisition, misstated finances, breached a fiduciary duty, or failed to oversee management is a management act, and that is D&O. A claim that the work delivered to a client was wrong is a professional service, and that is E&O. Many organizations need both, and the seam between them is where disputes happen. Read how each form defines wrongful act, because that seam is written differently by different carriers.
Related FAQs
Many do. Volunteer directors can still face personal claims, and D&O is often what makes strong candidates comfortable serving.
Both, depending on the claim and how the policy is structured. We can walk you through the pieces.
No. Private companies, startups, and nonprofits face management claims too, and their leaders often carry personal exposure.
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