Work with an insurance professional who specializes in D&O and other business liability insurance products so you can get a complete picture of your company’s risks and exposures.
As with all insurance products, read your policy carefully to make sure you’ve got coverage for a wide range of claims, from regulatory actions to criminal investigations and employee lawsuits. Here are a few things to consider when discussing D&O insurance with an insurance professional:
Should the policy just cover directors and officers or also the company as a whole?
Does the policy cover innocent directors if one director or officer is found guilty of wrongdoing?
Will the policy cover allegations of criminal misconduct up to the point of adjudication?
What policy limits (generally provided in $1 million increments) do you need?