Who would need D&O insurance?
Directors and officers insurance, or D&O insurance, is primarily for executives, board members and other leaders of an organization. This policy might help protect them from personal losses if they are sued as a result of serving the organization.
Who usually pays the premiums for professional liability coverage?
For those employed in a traditional work setting, the employer typically covers professional liability premiums. However, this coverage often only applies when the professional is executing duties on behalf of the employer.
Freelancers, independent contractors, those working side hustles or anyone giving voluntary services might have to secure their own professional liability coverage.