D&O insurance – Is your company’s policy up to snuff?

Description

Abstract: In the current economic environment, disgruntled shareholders, investors and other interested parties commonly file lawsuits or claims against a public company’s directors and officers — exposing their personal assets to significant risk. Even innocent parties can be overwhelmed by the cost of mounting a defense. Directors and officers (D&O) insurance can provide a vital safety net — if it offers appropriate coverage. This article contains a checklist of items to look for in a D&O policy, while a sidebar discusses the three types of coverage in a single policy.