Directors and Officers Liability (D&O) is often confusing for buyers and insurance brokers alike. The marketplace is characterized by a large number of insurance carriers underwriting this coverage, and each of their forms has different terms, conditions, and most importantly, exclusions. Since an “all risk” D&O policy does not exist, there aren’t obvious perils listed and covered like you might find in a property policy. For that reason, it is normally easier to explain the intent of the coverage as opposed to reading the policy line by line.
D&O: A Brief Overview
Here is an oversimplification of what D&O insurance is supposed to do. Read More »Directors and Officers Liability (D&O)