Corporate directors and officers are subject to potential personal liability arising out of their managerial decisions. The D & O policy provides direct coverage for the directors and officers themselves, and coverage for the corporation’ s obligation to indemnify directors and officers when claims are made against them. Claims in the past have been based on allegations that decisions, acts, errors, or omissions of the directors or officers have lowered the value of the company’s stock, compromised the company’s competitive position in the industry, wasted corporate assets or injured stockholders or others in an economic or financial sense.