Скачать или смотреть What Wrongful Acts Are Excluded From D&O Coverage?

Dive into the critical aspects of Directors and Officers (D&O) liability insurance by exploring the specific 'wrongful acts' that are typically excluded from coverage. Understanding these exclusions is vital for protecting your organization's leadership from significant financial risks.

Key takeaways from understanding D&O exclusions include:
► Familiarizing yourself with common D&O exclusions, such as those related to fraud, illegal acts, and personal profit.
► Recognizing why certain actions are not covered, often due to their intentional or criminal nature, which insurance is not designed to protect.
► Learning about 'severability clauses' and how they can protect innocent directors even when others are found liable for excluded acts.
► Understanding the importance of reviewing policy language carefully with legal counsel to identify potential gaps in coverage.
► Grasping how D&O exclusions can impact indemnification agreements and personal liability for board members and executives.


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