How To Evaluate And Negotiate D&O Insurance Coverage

Over the past decade, it has become more common for directors and officers to become targets of lawsuits, investigations and enforcement actions, with some risk to their personal assets, and in-house counsel are often called upon to evaluate the D&O policies that are supposed to protect them. What the attorneys typically encounter, writes McGuire Woods attorney Stephen D. Allred, are documents “densely written and complex, filled with turgid terms, exclusions, and conditions that must be weighed to evaluate possible shortfalls in coverage.” To help sort it out, he has written a detailed guide to evaluating and negotiating this increasingly important coverage.