D&O insurance; what you need to know
- Autores: Elisa Alcabes
- Localización: Tax legal advisory review: La revista para el mundo económico-empresarial, ISSN 2952-1289, Nº. 8, 2024, págs. 49-52
- Idioma: inglés
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Resumen
In a constantly changing global economy, every type of business entity should be aware of the insurance coverage provided by directors’ and officers’ liability policies or «D&O Policies». It is common for companies to assume that their D&O Policy is broad enough to cover any claim that may be asserted against its directors or officers. Such an assumption is risky. Like any insurance policy, D&O Policies have limitations on coverage. Sadly, these limitations may not be recognized until a claim arises. It is thus good practice to periodically assess whether a D&O Policy provides the appropriate breadth of coverage for your needs or those of your clients. This article highlights D&O Policy terms, conditions, exclusions and limitations that warrant careful consideration.
