Directors & Officers (D&O) Liability
Directors & Officers (D&O) Liability Insurance protects individual directors and officers who are performing corporate duties for a mortgage banking firm against third-party lawsuits that arise from their role. Policies cover legal damages and the costs of legal defense, and are essential to attract and retain high-quality individuals for these positions.
Actions which may be covered by this policy include:
- SEC enforcement actions
- IPO and private placement representation
- Shareholder disputes
- Suits brought against employed lawyers
- Professional services practices for failure to supervise employees