Professional Liability (E&O/D&O)

Professional Liability

Directors and Officers (D&O)
- D&O insurance liability policies provide insurance for negligent acts, omissions or misleading statements committed by directors and officers of a company that result in lawsuits being filed against the company. D&O coverage can be purchased to reimburse the company when it indemnifies directors or officers, to specifically cover directors or officers when the company doesn't indemnify them or can provide entity coverage to cover claims made specifically against the company.
Errors and Ommissions (E&O)
- Errors and omissions insurance is coverage that protects those people that give advice, make educated recommendations, design solutions or represent the needs of others. As the name suggests, it protects these people when they've done something they shouldn't have (error) or when they neglected to do something they should have (omission). It is also referred to as Professional Liability or Malpractice Insurance.
Employment Practices Liability (EPLI)
- Although somewhat different, many confuse EPLI with D&O and E&O insurance. EPLI covers employers from claims made by workers who have sued the company for violating their legal rights as employees. Possible lawsuits include claims for sexual harassment, breach of employment contract, wrongful termination, discrimination and failure to hire or promote.