Alternative To D&O Liability Coverage?

Law360, New York (March 30, 2009, 12:00 AM EDT) -- Insurance is a corporate asset that can be a highly valuable resource in many situations to reimburse either the corporate policyholder or its creditors for losses that are sustained.

For many years, a critical component of most public companies’ insurance portfolio has been their directors’ and officers’ liability (“D&O”) policies.

D&O policies generally cover individual directors and officers for defense costs and liabilities they incur as a result of acts or omissions allegedly committed in the course of their corporate duties.

While D&O insurance is principally...
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