Executives of a smaller firm listed on the NYSE blocked an acquisition attempt by a larger company. When the stockholders learned they could have made large profits had the acquisition not been blocked, they filed a lawsuit against the executives of the firm. What type of liability insurance protects the executives of the organization against such suits?

A) Dram shop liability insurance

B) Directors and officers liability insurance

C) Employers liability insurance

D) Employment related practices liability insurance

E) Business Interruption insurance

What type of coverage would apply in this case?

1) blanket coverage.

2) corporate reimbursement coverage.

3) personal liability of directors and officers coverage.

4) entity coverage.

Explain your answers.