When you hear the phrase “prior acts” or “full prior acts coverage” from an insurance broker they are talking about a feature in a claims-made policy form. Claims made policy forms are a type of policy structure that is used for Directors and Officers, Errors & Omissions, Employment Practice Liability, Cyber, and other forms of … Read More
Two common D&O Insurance Policy Exclusions: The Prior and Pending Litigation Exclusion and the Prior Acts Exclusion. There are two common exclusions applied to D&O or Directors and Officers Liability coverage which have to do with the time before the first policy’s inception that new buyers are often confused by. They are the prior and … Read More
Who is Insured on a D&O policy? In the past, I’ve had clients call and ask me to add new directors who have just joined their board to their D&O policy. Some leaders believe that the D&O policy has a schedule of named insureds, so I thought a quick video on who is actually defined as … Read More
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