Directors’ and officers’ liability insurance: what to look out for
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Directors’ and officers’ liability insurance will often cover the cost of legal representation for senior management when responding to, or participating in, regulatory or criminal investigations. Cover may be available for costs incurred by the directors and officers themselves and for costs incurred by their employers on their behalf. So, what should you look out for?
I have put together a checklist of the key provisions to consider when reviewing a D&O liability insurance policy. You could use this when negotiating the terms of a future policy, when considering a potential notification or when thinking about making a claim under an existing one.