What a captain is to a ship; the directors are to a company. That is the reason why you want to get the best people at the helm of affairs for your organization. Directors and officers steer the company in the rightdirectionthrough their decision making and strategic planning. Their role is of significant importance asthey shoulder great responsibility.
However, sometimes their actions and decisions may cause harm to shareholders or non-shareholders who may file a lawsuit against them and the company, both. To secure the leaders of your company against such risk, you, as the owner of the company, need to consider buying D&O insurance (Directors and Officers Liability Insurance) for them.
