Directors and Officers coverage insures against claims stemming from alleged wrongful conduct of a company directors and officers. These types of claims typically won’t be covered by other insurances such as professional or general liability coverage as some may think. Quite often, company owners figure that they will need Director and Officers coverage if they are in control of a publicly held company, or if there are stakeholders such as venture capital funding. This is true, these are situations that would act as a trigger to determine a need for D&O coverage. What some fail to recognize is that just because there may not be external shareholders involved in a company, it would not shield directors and officers from risks involving creditors, customers, competitors, even its own employees.