Corporate legal liability insurance can only be purchased with directors’ and officers’ (D&O) insurance and not as a standalone policy. You can also purchase employment practices liability insurance to provide a package of protection. Typically, these packages will cover:
• directors’ and officers’ insurance which covers a business’ directors and senior employees against claims of wrongdoing;
• employment practices liability which covers the cost of defending allegations that specifically relate to employment issues, for example, accusations of harassment or discrimination.