When it comes to insuring executives, two insurance products are key: commercial general liability insurance (CGL) and directors & officers liability insurance (D&O).
CGL covers claims related to bodily injury, property damage and personal and advertising injury (e.g., slander) when any of those were caused by the action — or inaction — of the insured organization.
CGL covers the cost of the injury, property damage or personal and advertising injury claim as well as the cost to defend the organization against these claims. The policy covers executives, too, but only when they’re performing their official duties.
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