Jennifer was just asked to serve on the Board of an insurance company.

Jennifer was just asked to serve on the Board of an insurance company. Jennifer is concerned that if the company is mismanaged, the policyowners, stockholders, and employees might sue the management team.

What type of liability insurance will protect Jennifer from such claims if she accepts a position on the insurance company’s Board?
A) commercial general liability insurance
B) employment-related practices liability insurance
C) workers compensation and employer liability insurance
D) directors and officers liability insurance

ANSWER

Answer: D