Small Business Resources, Business Advice and Forms from AllBusiness.com
Finance Resource Center   D&B Credit Reports   Businesses for Sale   What's Your Credit Emergency?   Thriving in Tough Times   Trade Magazines
 

Featured Videos

Checklist of Issues to Review for Directors' and Officers' Insurance

Following is a checklist of key issues for a business to review

in analyzing the terms and conditions of a Directors' and Officers' Insurance policy.

  • Is the dollar amount of the coverage sufficient?
  • Is the insurer financially strong?
  • Are the premium payments competitive?
  • Is the deductible too large?
  • Does the policy cover all directors and officers or do they have to be specifically named? Does the policy also cover the corporate entity?
  • When can the insured terminate or not renew coverage?
  • Are legal fees covered? Does the insurer promise to advance the costs of legal fees in the event of a claim or merely reimburse for out of pocket costs?
  • When must claims be made?
  • Does the insured have a good history of paying claims (especially important with this type of insurance)?
  • Are the exclusions from coverage too broad? These are often negotiable.
  • Are their special endorsements that may be appropriate?
  • What offsets from coverage apply?

In addition, make sure to read these articles:

  • Liability Issues for Officers and Directors
    • Certain acts may subject an officer or director of a corporation to personal liability. Other acts, although they would otherwise subject them to liability, may ......
  • The Purpose of Corporate Board Members
    • The directors must act in connection with the best interests of the corporation and its shareholders. Board members can provide valuable wisdom and experience in ......
  • Board of Directors of a Corporation
    • A corporation must have a Board of Directors. Here's what they do.
  • CEO Council Objects to SEC 'Taxation...
    • Business Editors The Securities & Exchange Commission's plan to fund its proposed Public Accountability Board is being opposed by the CEO Council, a recent non-profit ......
  • Go Public, Stay public? What to Consider Before...
    • It's a question that many growth companies find themselves debating again and again: Should we take the company public? Since 2002, additional layers of compliance ......
  • Directors & Officers Insurance Premiums...
    • NEW YORK -- Tillinghast Predicts Soft Market Will Be Shorter and Less Pronounced Than Past Soft Markets Tillinghast's Directors & Officers (D&O) liability insurance premium ......
  • SOX compliance costs still high.
    • The cost of being a public company in the Sarbanes-Oxley Act (SOX) era continues to rise, five years after passage of the act. Foley ......
  • The ABCs of D & O.
    • What you should understand about your association's directors and officers liability insurance. In your role as an association board or committee member, you're taking on ......
  • Volunteer act offers limited protection:...
    • While many associations have celebrated the passage of the Volunteer Protection Act, the high level of publicity should not prevent a thorough examination of the ......
  • The Truth Behind the Backdating Brouhaha
    • Approximately 100 companies have come under fire for the backdating of stock option grants. The resulting investigations, in turn, have led to the resignation of ......
  • AIG Companies Introduce AIG Passport(sm); New...
    • NEW YORK -- The AIG Companies today introduced AIG Passport(sm), an enhanced service process for corporate clients purchasing locally admitted directors and officers liability ......
  • Directors and officers insurance update
    • A recent program sponsored by the Association of the Bar of the City of New York (ABCNY) focused on "Directors & Officers (D&O) Insurance in ......
  • Checklist of key issues in renewing D&O liability...
    • Renewal of D&O insurance in the current hard market can be similar to obtaining coverage for the first time. Gone are the days when renewal ......
  • Winnick sought a clean getaway in...
    • Gary Winnick, the former chairman of Global Crossing Ltd., knows a good deal when he sees one. Winnick forked over $55 million in last month's ......
  • ADVENTRX Announces 2005 Second Quarter...
    • SAN DIEGO -- ADVENTRX Pharmaceuticals, Inc. (AMEX:ANX) today announced financial results for the three and six months ended June 30, 2005. ADVENTRX reported a ......
T T T
art_print Printart_email Email 16x16-digg-guy  Digg It delicious-small  del.icio.us

Related Resources

icon - related resources - pen

Related Posts

ngermond_80
Aggressive Claims Management Lowers Premiums
When your employees are injured by negligent third parties, is your insurance carrier protecting your interests?
Read More
ngermond_80
Insurance Coverage Disputes Can be Resolved
To whom should an organization turn if coverage disputes remain unresolved?
Read More
ngermond_80
Insurance coverage disputes can be resolved
To whom should an organization turn if coverage disputes remain unresolved?
Read More

Premium Content

  • In Europe, D&O also hard to find.(up front)premium_logo
    • Concerns felt by U.S. companies over the escalating cost and diminishing extent of coverage offered by directors' and officers' liability insurers, are shared by their ...
  • Settling Claims Through Arbitration.premium_logo
    • Arbitration, especially when used in conjunction with the Internet, is a cost-effective alternative to time-consuming and expensive litigation. At a time when claims and associated ...
presented by

Site Map | Contact Us | FAQs | About Us | RSS Directory | Sign Up for Free Newsletters | Disclosure Policy

Media Kit
Copyright © 1999 - 2009 AllBusiness.com, Inc. All rights reserved.
No part of this content or the data or information included therein may be reproduced,
republished or redistributed without the prior written consent of AllBusiness.com.
Use of this site is governed by our Copyright and Intellectual Property Policy, Terms of Use Agreement and Privacy Policy.

Get In-Depth Company Information from Hoover's | Buy a D&B Credit Report | What is in Your Company's D&B Credit Report?
Online Business Database | Online Business Information | Sales and Marketing Solutions | Business Mailing Lists | Company Profiles
Information and opinions on AllBusiness.com solely represent the thoughts and opinions of the authors and are not endorsed by, or reflect the beliefs of,
AllBusiness.com, its parent company D&B, and its affiliates.