Director’s and Officers Liability Coverage Part Six
As you may have gathered by now, you’ll want to shop around, and negotiate your coverage – insurance carriers and underwriters want your business. Keep that in mind and know that everything is negotiable.
Director’s and Officers Liability Coverage Part Five
You should also be aware that your insurer may not cover you for securities fraud.
A very common reason to buy D&O insurance is for protection against securities-law violations. Policies provide specific coverage for these claims while at the same time exclude claims related to fraud.
Director’s and Officers Liability Coverage Part Four
Outside the US directorship may not be covered.
D&O policies may provide international coverage but the fine print reveals that it is only “to the extent possible.”
Director’s and Officers Liability Coverage Part Three
To continue our discussion of D & O liability coverage, let’s look at an aspect of claims denial.
The insurance carrier may deny coverage for reasons unrelated to the claim against you. Insurers can rescind a D&O policy – return the premium and pretend as though there had never been coverage – if they conclude at a later time that the application contained false or misleading information.
Director’s and Officers Liability Coverage Part Two
Let’s continue our discussion of Director’s and Officer’s Liability Coverage issues from earlier today.
Director’s and Officers Liability Coverage Part One
As we discussed yesterday, there are some issues you need to be aware of when considering Director’s and Officer’s Liability Coverage.
Director’s and Officers Liability Coverage Series
Director’s and Officer’s Liability coverage can be very complex to purchase as well as an expensive part of an organizations insurance portfolio. Careful consideration of company operations, procedures and the coverage goals of the board members are required in order to determine the right program for a particular company. Cookie cutter is not the way to go.