This article was originally published in Risk Management
magazine, April 2010.
Few who occupy positions in senior management of a publicly
traded corporation have shown much interest in their companies'
insurance program. There is one major exception to this
proposition: D&O insurance. For at least the last decade,
officers and directors have been keenly interested in the insurance
coverage protection offered under their management liability
insurance. World class corporate meltdowns and the boom of market
bubbles popping spurred huge attention to D&O insurance for
those serving corporations as officers and directors (as well at
those considering such a role).
Unlike many other types of insurance policies these days,
D&O coverage still provides a relatively broad scope of
protection. One area where some insurance companies argue their
insurance is not so broad, however, involves the coverage for
government investigations. Most D&O insurance policies promise
some
