Interactive
Comparing D&O Forms: What to Look For; Ask For and Run Screaming From
Academy of Insurance
Updated Nov 30, 2020Director & Officer Liability is a complex coverage. Whether it is a small Non-profit, privately held Corporation, or a publically traded company, it is not a coverage for the unwary. There are over 30 insurers selling these types of policies and, as a result, over 30 forms. They are all different as there is no ISO form in use for this complicated line of coverage. Every insured is also a bit different requiring an intense look at their needs in order to determine what form and endorsements may be best. The administrative sections of the policy amy often contain dangerous provisions that would preclude coverages for an otherwise coverable claim, commonly referred to as a "Gotch'ya."
