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Risk managers of companies looking to go public should not only ensure they have quality directors and officers coverage, but also see that the policy language ensures the coverage will be there when they need it.

Speaking as part of a Web seminar hosted by Aon Financial Services Group, Steven Guggenheim, a partner with the law firm of Wilson Sonsini Goodrich and Rosati, said that the severability and rescission should be considered among the most important parts of a D&O policy.

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