D&O Insurance

D&O Insurance

October 26, 2020 by investor

Directors & Officers Insurance (D&O Insurance) protects the board members whose work brings potential liability for the director.

Most policies offer $1M to $2M of coverage.

Here are some key points to consider in choosing a D&O Insurance policy:

– The policy should indemnify the directors.
– It should advance expenses at the point of need, rather than waiting for the directors to be absolved.
– It should provide coverage for up to 2 years after the company stops paying the premiums.
– It should be reasonably priced.
– It should be backed by the company’s charter which should also indemnify the board member.
– It should be reviewed annually by the board.

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