10 Traps in your D&O Insurance

By William G. Passannante and Joshua Gold, Anderson Kill

D&O Insurance Policy Improvements & Claims Strategies

D&O insurance typically provides broad coverage for alleged “wrongful acts.” Despite this breadth of coverage, disputes are not uncommon — especially where the claims are large. When buying or renewing D&O insurance coverage, it is important to work with an experienced risk manager or insurance broker who can focus not only on price, limits and structure, but on the fine print too. Below are 10 areas that can be enhanced in your D&O policies and management of claims to head off improper coverage defenses.

1. Notice Terms

The notice terms of D&O insurance policies can be made specific to a particular set of individuals within a corporation or organization. A notice condition that is tied to any “Insured” can lead to an inappropriate argument from your D&O insurance company given that the term “Insured” means any past, present or future officer or director.

Read more at http://www.advisenltd.com/2015/07/01/10-traps-in-your-do-insurance/

Passannante, William. ‘10 traps in your D&O insurance’. ©2015 Advisen Ltd. 10 July 2015.