Directors and Officers Liability Insurance


By Michael R. Davisson

cover image of Directors and Officers Liability Insurance

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Be it enhancements or restrictions, the scope of D&O policy coverage has reflected the corporate events of the time most frequently as outlined in case decisions interpreting the same. Understanding and interpreting D&O liability and coverage issues is therefore a study of the evolved terms of the corporate liabilities presented, the contract terms implicated and the case decisions interpreting those terms. The Directors and Officers Liability Insurance Deskbook, Third Edition, has evolved with the expansion of corporate liabilities, the terms of the policies at issue and the judicial interpretations as well. Use this book as a reference tool for navigating the current landscape, providing synopses of important judicial decisions (in various jurisdictions) on the key provisions that commonly arise. This book reflects on this history of directors and officers exposures and the insurance coverage called upon to address those risks. The book covers the following:

 •  Policy issuance

 • Insuring agreements

 •  Trigger and scope of coverage

 •  Defense obligations

 •  Policy limits, retentions, and exclusions

 •  Settlement

 •  Allocation

 •  Policy termination and nonrenewable

 •  Coverage litigation issues

 •  Recent developments in D&O liability abroad

Directors and Officers Liability Insurance