What Doesn’t D&O Insurance Cover?
Common D&O exclusions include fraud, personal profit, prior litigation, and bodily injury or property damage.
Some exclusions have exceptions or apply only after a specified finding. Review the exact wording and any insured-versus-insured exclusions.
Exclusions are not interchangeable: an insured-versus-insured clause may have exceptions for derivative demands, a prior-acts restriction can bar older conduct, and a conduct exclusion may depend on a final adjudication. A Side C grant also may be limited to securities claims rather than every claim against the company. Compare the wording and exceptions, not only an exclusion heading. Ask how defense costs are handled while an allegation remains unresolved, and check endorsements that modify the base form.
