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. What are the coverage concerns? D&O policies typically contain three coverage parts: “Side A”, which protects officers and directors when the company does not indemnify them; “Side B”, which reimburses the company when it does indemnify the officers and directors; and “Side C”, which covers claims against the company... [Read More...]
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. Let’s take the issue of the amount of coverage. How much is enough? As an Organization you probably need more of it. There is no simple rule for how much D&O coverage a company should carry. A recent Towers Perrin study indicated that companies with a market cap of between $1 billion and $2 billion... [Read More...]
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. Over the next few days, we’ll be taking a look at a few of these issues. Read More →