Purchasing directors and officers insurance (D&O insurance) is a standard practice for public companies in the United States. D&O insurance is often critical to recruiting and retaining quality directors and officers for companies, because it helps to protect them from personal exposure to significant damages and attorneys’ fees resulting from the execution of their job duties. Without adequate D&O insurance coverage, potential qualified candidates might be deterred from serving as directors and officers, which would be a loss to the company, the shareholders, and to society at large.