Executives of a Fortune 500 firm blocked an acquisition attempt by a l

Executives of a Fortune 500 firm blocked an acquisition attempt by a larger company. When the stockholders learned they could have made large profits had the acquisition not been blocked, they filed a lawsuit against the executives of the firm.

What type of liability insurance protects the executives of the organization against such suits?
A) dram shop liability insurance
B) directors and officers liability insurance
C) employers liability insurance
D) employment related practices liability insurance

ANSWER

Answer: B