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An Introduction to Directors' and Officers' Liability Insurance

An Introduction to Directors' and Officers' Liability Insurance

Chapter:
(p.42) Chapter Three An Introduction to Directors' and Officers' Liability Insurance
Source:
Ensuring Corporate Misconduct
Publisher:
University of Chicago Press
DOI:10.7208/chicago/9780226035079.003.0004

This chapter discusses the basics of Directors' and Officers' liability (D&O) insurance, tracing its historical development and identifying some of the early problems posed by D&O coverage. It also explains the different types of coverage of most D&O insurance packages, including coverage for individual directors and officers as well as coverage for the corporate entity itself for losses resulting from shareholder litigation.

Keywords:   D&O insurance, insurance coverage, Directors, Officers, corporate identity, shareholder litigation

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