What does D&O Insurance typically cover?
Side A covers claims against directors and officers when the corporation fails to indemnify. Directors and officers are therefore personally liable for payment of defense costs, settlement or judgment related to legal claims arising out of their service to the corporation. This coverage is considered personal asset protection.
Side B is for the benefit of the corporation as it provides reimbursement to the corporation when the corporation does indemnify directors and officers for covered claims. This coverage is considered balance sheet protection.
Side C is coverage for the corporate entity. For a publicly traded company, Side-C is typically limited to securities claims. However, privately held and not-for-profit companies enjoy more entity coverage—all risk unless specifically excluded.
Provided by D&O Insurers
Some insurance providers provide a sub-limit of coverage to access to public relations consultants in order to respond to the headline and reputational risks associated with corporate crisis eventsGet Started
CoverageXpert’s Database Highlights
D&O-related coverage forms (sample wordings) from 39 top-rated insurers
different coverage enhancements to help you build a coverage checklist
Applicable Business Classes
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