Are Your Executives Protected When Serving on an Outside Board?
Senior leaders increasingly take opportunities to sit on boards or serve as executives of outside entities. But while serving in that capacity, is an individual director or officer covered under his/her organization’s directors and officers (D&O) liability insurance policy?
This article covers the basics of outside directorship liability coverage, including:
- The scope of coverage in relation to a D&O policy.
- Limitations of coverage.
- Best practices to track potential exposures.
Dorsey and Whitney LLP is a Marsh Securities Panel Counsel firm.