Public companies: New developments that expand D&O coverages
Leading primary insurers for Directors’ & Officers’ Liability (D&O) have recently taken a big leap forward in their commitment to protecting individuals and the companies that indemnify them. Not since the introduction of “entity” coverage for securities related claims has the public D&O landscape seen such a dramatic change.
Many of these new primary coverage enhancements were previously available only via what is called “Side A Difference In Conditions Excess” policies. But with increased tension between Ds/Os and/or the company with respect to their perspectives as fiduciaries of the company, particularly if a company refuses or fails to indemnify the Ds/Os, the continued evolution of the claims process and a soft and somewhat overcrowded D&O market – public companies who in the know can take advantage and benefit from the increase in insurance coverage. For more insight into the changes, see our recent whitepaper for more details, or contact a member of our ExecutiveRisk team.
