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.
Business interruption in a Cyber insurance policy intends to cover the income loss after a business is impacted by a privacy or security breach.
We’ve all been in a position where we’re asked a question we can’t answer. This article focuses on how to answer the question, “does this policy cover ransomware” because while the question is simple, the answer is not.
Social Engineering Fraud is the use of psychology to manipulate someone into following instructions to share confidential information or send money.
For any business owner or director, it is essential to have an understanding of privacy laws. In collecting, handling, and storing data, your organization may be exposed to lawsuits from different stakeholders or charged hefty fines for violations by regulators.
5 Tips, 4 minutes read, that is sure to save you time on emails! Practice crafting your next email with these tips in mind- the more thought you put on an initial email, the less you’ll spend clarifying yourself!
