How Strong Is Your D&O Safety Net?

Law360, New York (January 10, 2014, 7:10 PM EST) -- Directors and officers policies is the most important insurance to protect directors and officers from personal liability. Corporations often broadly indemnify their directors and officers so gaps in D&O insurance will have no impact until the company fails. At that point, it is too late to repair deficiencies in the D&O insurance program. Directors and officers should evaluate D&O insurance the same way they evaluate their compensation packages.

Lawsuits arising out of hundreds of bank failures — as well as other corporate failures — across the...
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