It covers a liability of reparation which the insured company assures for shareholders, employees, or third parties as a result of wrongful acts committed by directors such as fault, violation of duty, default, misrepresentation, violation of duty for fidelity, and omission

 

Directors and officers liability insurance is becoming more common in developed countries due to emphasis on consumer rights also, as time goes by, legal and business environment is changing in the Korean that increases the liability of  D&O extensively.