D&O Insurance

D&O Insurance Explained

When directors and officers breach their duties or fail to perform their functions, legal action can be brought against them by different parties. Understand what are the rules governing directors and officers and where potential liabilities may arise.

what is D&O insurance

Why Directors and Officers need insurance

When directors and officers breach their duties or fail to perform their functions, legal action can be brought against them by different parties. Understand what are the rules governing directors and officers and where potential liabilities may arise.

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D&O insurance for company directors and officers

How does D&O Liability Insurance work?

A D&O insurance policy consists of multiple insuring agreements, typically known as Side A, Side B, and Side C. The purpose of this article is to describe the value of D&O insurance by offering a description and claims example of each insuring agreement.

Indemnification and D&O

D&O: Indemnification and D&O Insurance – Side B Coverage

Side B coverage in a D&O insurance policy is all about indemnification. It’s purpose is to financially protect the insured organization when it indemnifies its directors and officers for loss due to a claim. Indemnification is the action of indemnifying, of reimbursing or compensating, a party for loss suffered.

Non-indemnifiable loss

D&O: Importance of Side A Coverage

While it’s common practice for an organization to indemnify its directors and officers, doing so isn’t always possible. That’s where Side A coverage comes in.

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D&O Insurance

Nonprofit board

Directors and Officers Insurance for Nonprofits and its Cost

By

Directors and Officers (D&O) insurance safeguards nonprofit leaders. It provides financial protection for legal claims against them linked to their roles as directors and officers. Like all insurance, this protection comes with a cost. This article delivers a straightforward overview of “Directors and Officers Insurance for Nonprofits,” including an overview of the coverage provided by […]

Directors and Officers Insurance for Nonprofits and its Cost Read More »

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