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D&O Entity Cover Had Its Downsides

With shareholder class actions against corporations and their boards rising unabated, the corporate scandals of the past year have made the personal assets of directors and officers even more of a target for securities litigation. In many cases, innocent directors and officers are seeing their personal assets jeopardized by corporate crimes they did not commit.

As a result, the directors and officers liability insurance policy is more important than ever to the directors and officers of Corporate America. Accordingly, it is critical for all involved in the development of a D&O insurance program– risk managers, chief financial officers, brokers, carriers, and the directors and officers themselves–to comprehend the scope of D&O coverage and to obtain coverage that protects and defends the personal assets of directors and officers.

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