A True Statement About D&O Insurance Is That

Multiple Choice

A true statement about D&O insurance is that:

A) it usually insures a business for losses caused by competitors.
B) it is extremely cost prohibitive and should be avoided unless required by contractual needs.
C) it is business liability insurance for professionals.
D) it is usually paid by the board members.
E) it protects board members of corporations from liability arising from their actions.