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Directors & Officers Liability

Directors and Officers Liability (D&O)

Directors and Officers Liability (D&O)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)

Professional Lines and TRIA: Surprising Coverage Triggers

Terrorism Insurance Coverage Triggers London Insurance MarketplaceWith the recent renewal of the Terrorism Risk Insurance Act (TRIA), it seemed like a good time to look at the Management Liability and Professional Liability lines to discuss how terrorism in general can trigger coverage. While TRIA is a backstop for insurers and may not directly benefit clients from a coverage perspective, it does serve as a reminder that insurance can play a role in the recovery from terrorist events. While scenarios that trigger coverage under management and professional lines of coverage aren’t always obvious, they do exist. Fidelity / Crime Let’s start… Read More »Professional Lines and TRIA: Surprising Coverage Triggers