What Does D&O Insurance Cover?
D&O can pay defense costs and covered settlements or judgments for defined management claims.
Examples include alleged misstatements or oversight failures. Check insured roles, limits, exclusions, and whether defense costs reduce the limit.
The sides matter because a claim may name both a leader and the company: A and B address individual liability and company reimbursement, while C concerns covered claims against the entity. A grant can be limited to securities claims or use broader private-company wording. Conduct exclusions, prior or pending matters, and claims by one insured against another can change the result. Check the specific grant, claim definition, defense-cost treatment, limit and exceptions in the form and endorsements.
