Directors and officers liability offers coverage for claims arising out of wrongful acts:

1. Any act or alleged act, error, omission, misstatement, misleading statement, or breach of duty by a director, officer, or trustee in their capacity as such.

2. Any matter asserted against a director, officer, or trustee solely by reason of his status as director, officer, trustee, employee, volunteer, or member of a duly constituted committee of the insured entity; and

3. Any other actual or alleged act, error, omission, misstatement, misleading statement, or breach of duty by the insured entity.