Phrases with «officer liability»

"Officer liability" refers to the legal responsibility or accountability of an individual who holds an officer position in an organization or company. It means that if an officer, such as a CEO or director, engages in wrongful or illegal actions that cause harm, they can be held personally liable for any resulting damages or losses. Full definition

Sentences with «officer liability»

  • What are the conditions / situations covered by directors and officers liability insurance policy? (policybazaar.com)
  • Most organizations don't understand that a gap exists on a standard Directors and Officers liability policy, and what they can do to fill it. (seattlebusinessmag.com)
  • Directors and officers liability claims not only harm the reputations of the directors and officers, but they can seriously impact a company's operations and market standing. (conroysimberg.com)
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