What is Full Prior Acts Coverage

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

How are Defense Costs Handled in a D&O Policy?

How are Defense Costs in a D&O Policy handled? When you purchase a management or professional liability policy, such as a D&O, E&O, or Employment Practice Liability policy there is an issue regarding the defense of future claims and how they will be handled. Duty to Defend The first method is that the policy explicitly … Read More

What is Severability in a D&O Policy? 

What is Severability in a D&O policy?  When reviewing D&O quotes or policies you may see the term severability or full severability and wonder what does this means? So there are two forms of severability when it comes to D&O insurance. The first is known as the severability of the application.  What this means is … Read More

The Conduct Exclusion in D&O Insurance

The Conduct Exclusion in D&O and E&O Policies. Today we’re going to look at the conduct or misconduct exclusion found in every D&O Director and Officers Liability and E&O – Errors and Omissions Liability Insurance policies.     To start with, I’ve said many times that no two D&O or E&O policies are alike.  Both are what we … Read More

D&O Insurance Explained

D&O Insurance Explained.  Directors and officers liability insurance, often called D&O insurance is a form of management liability insurance and in the small and medium-sized business market, is regularly packaged with two other management liability forms into a single policy to form a management liability portfolio policy.  Those two other forms of coverage are employment practice … Read More

What’s Going on With D&O Pricing 2021

For the past two years, both private and public companies, purchasing D&O insurance have seen a disruption in their typical renewal process. Prior to 2019 most D&O renewals went smoothly.  There was competition in the insurance marketplace for new and renewal business, prices were competitive to stable, and renewal terms were fairly consistent from year … Read More

What Happens to a D&O Policy with a Change In Control

Handling your D&O policy in an M&A Transaction – Addressing Change in Control Provisions Executive Summary:  In this article, we explore the insurance issues a company’s decision-makers face when it comes to mergers and acquisitions with specific conversations around the D&O policy’s change in control provision.  What it is, how to handle it, and how … Read More

guide to D&O Insurance

Everything You Need To Know About D&O Insurance in NY

D&O Insurance is Personal Net Worth Insurance D&O insurance, or more formally Directors and Officers Liability insurance in NY protects the personal assets of corporate directors, officers, managers, and other decision-makers as well as their spouses. We like to call it Personal Net Worth Insurance because that’s exactly what it does – D&O Insurance protects … Read More

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A Guide to D&O Insurance

A Guide to D&O Insurance. Directors & Officers Liability Insurance, commonly known as D&O can be confusing.  It’s a very different type of policy than most business leaders are familiar with and that’s why we are providing A Guide to D&O Insurance here.  The policy itself is written on a “Claims-Made” policy form, which is … Read More

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When Should A Private Company Consider Purchasing D&O Insurance?

I get this question a lot, from prospects, clients, and centers of influence.  I understand that for a lot of private company owners, D&O may seem like a “nice coverage to have”, but since it’s not mandated by anyone or required by law the purchasing decision gets deferred, sometimes indefinitely!   I get it, insurance isn’t … Read More

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