A Buyer's Guide to Obtaining Comprehensive D&O Insurance Coverage
September 1, 2009
Thomas H. Bentz- Washington
Shannon A. Graving- Washington
Directors and officers operate under closer scrutiny today than ever before. Extreme volatility in the stock market, a suffering economy, and alleged and real corporate scandals have encouraged an active plaintiffs’ bar. These realities, combined with increased governmental regulation, have put the actions of directors and officers under a microscope. Faced with the real and ever increasing risk of significant litigation judgments, defense costs and damage to their reputations, many directors and officers have begun to focus on how to best protect their personal assets in the event of a serious claim.
For many, this has meant a fresh look at their directors and officers (D&O) liability insurance. Although a D&O insurance policy cannot protect against every risk, a comprehensive and properly negotiated D&O policy can help significantly reduce the chance that a director’s or officer’s personal assets could be at risk. This book is intended to provide a basic understanding of the complexities of D&O insurance and to offer some tips to help insureds obtain the strongest possible protection.
For more information or to receive a copy of A Buyer's Guide to Obtaining Comprehensive D&O Insurance Coverage, please contact Tom Bentz or Shannon Graving at 202-955-3000.
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