A D&O insurance policy consists of multiple insuring agreements, typically known as Side A, Side B, and Side C. This article explains the value of D&O insurance by offering a description and claims example of each insuring agreement.
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.
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.
The Duty to Manage. Any judgement as to whether or not directors or officers have acted as they should is assessed by the legal system in light of their legal duties. Have they acted as they agreed to when …
Financial statements provide valuable insight into an organization’s financial stability and expectations, management strength, and corporate governance, all of which are part of a company’s risk profile.
There are three tools available to directors and officers for protecting their personal liability. These tools fit together to become a comprehensive indemnity and insurance program. Understand how these tools work together and where D&O insurance fits into a larger indemnification program.
A D&O insurance policy consists of multiple insuring agreements, typically known as Side A, Side B, and Side C. This article explains the value of D&O insurance by offering a description and claims example of each insuring agreement.
How does D&O Liability Insurance work? Read More »
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.
D&O: Indemnification and D&O Insurance – Side B Coverage Read More »
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.
D&O: Importance of Side A Coverage Read More »
The Duty to Manage. Any judgement as to whether or not directors or officers have acted as they should is assessed by the legal system in light of their legal duties. Have they acted as they agreed to when …
Directors & Officers Insurance: Duty to Manage Explained Read More »
Financial statements provide valuable insight into an organization’s financial stability and expectations, management strength, and corporate governance, all of which are part of a company’s risk profile.
5 Ways Financial Statements Deliver D&O Risk insights Read More »
There are three tools available to directors and officers for protecting their personal liability. These tools fit together to become a comprehensive indemnity and insurance program. Understand how these tools work together and where D&O insurance fits into a larger indemnification program.
3 Components of a D&O Insurance and Indemnity Program Read More »
