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D&O vs E&O

Directors & Officers Liability Insurance is often confused with Errors and Omissions insurance. The two are not synonymous; Errors & Omissions is concerned with performance failures and negligence with respect to your products and services. Directors and Officers Insurance is concerned with the performance and duties of management. Generally, it is a good idea to carry both Directors & Officers Liability Insurance and Errors and omissions insurance.


          
 Definition of Wrongful Act
    
     
            
           
            
              
               
          
            
             
             
              
             
               
              
                
        
             
Definition of Securities Activity Wrongful Act
             
               
                 
            
Definition of Employment Practices Wrongful Act
                
                
             
                 
                  
                                   
                   
                 
Definition of Professional Service
               
                
                   
                 
                    
                 
                     
                      
                      
                 
               
                 
                  
                
                 
             
               
                
              
           
Definition of Professional Supervision
              

D&O

 

*Any actual or alleged act, error or omission, misstatement, misleading statement, or breach of fiduciary duty or other duty by an Insured Person in his or her capacity as an Insured Person 
               
*Any Employment Practices Wrongful Act by an Insured Person. 
                 
*Any Securities Activity Wrongful Act
                  
*Any Employment Practices Wrongful Act, Securities Activity Wrongful Act.by the Company (as long as entity coverage has been purchased). 
               
               
*Any actual or alleged violation of the Investment Co. Act of 1940, Securities Act of 1933, Securities and Exchange Act of 1934.
                


*Wrongful Termination, demotion of or failure or refusal to hire or promote; discrimination; workplace harassment; retaliatory treatment; negligent evaluation; breach of implied contract or agreement arising out of personnel manual.
     

 

        
                
*n/a
               
                
                   
                   
                    
                       
                    
                     
                      
                    
                    
                  
                    
                  
                   
                  
                   
        
                    
                
*n/a 
            

 

E&O
               
*Any actual or alleged act, error or omission, misstatement, misleading statement, or breach of fiduciary duty or other duty committed by an Insured in rendering, or in failing to render, Professional Services.
              
                
                
                 
                
                
                 
                   
                  
                  
                 
                  
          
*n/a
                 
                
       
                  
               
*n/a
                    
                  
                    
                    
                       
                    
               
    
                     
*Advice given or services performed for others by the Company or by any Outside Service Provider on behalf of the Company in connection with the Company's financial investment operations. 
                
*Professional Services includes Professional Supervision, the provision of computer and Internet services, administrative services and publications prepared or written by any Insured, provided such services are rendered in connection with the Company's financial or investment operations.
            

 

 

 


*Insured's selection of an Outside Service Provider and its oversight and direction of the performance o such Outside Service Provider in providing Professional Services.