Who is covered under the Directors & Officers (D&O) Liability policy?
D&O covers all the officers of your group in the circumstance they are sued personally for a decision made by the group. The D&O policy has a $1,000,000 limit per claim, $1,000,000 aggregate limit per parent organization, and a $10,000,000 annual aggregate limit for the Purchasing Group. What are the limits for each coverage type? General Liability – $1,000,000 per occurrence limit/$2,000,000 annual aggregate limit per parent organization Bond – $25,000 annual limit D&O – $1,000,000 per claim, $1,000,000 aggregate limit per parent organization, $10,000,000 aggregate limit for the Purchasing Group Property – $10,000 annual limit.
