In brief: Written by Ronit Berkovich and Paul Ferrillo of Weil, Gotshal & Manges for the Report of the NACD Blue Ribbon Commission on Director Liability, this document outlines key points every director should know about their D&O coverage.
This resource can help your board:
- Determine if directors have adequate coverage through a carrier with a business-friendly reputation.
- Understand elements of D&O insurance, such as the insured versus insured clause and its carve-outs, non-rescindable Side A coverage, and the priority of payments clause.
- Stay on top of D&O insurance issues and developments throughout the year.
Most relevant audiences: general counsel, independent directors