01.Core Concepts

D&O policies generally include: Payment of damages on behalf of directors and officers because of a wrongful act Reimbursement for losses resulting from the company's obligation to reimburse directors and officers for suits alleging wrongful acts Entity coverage, which covers the corporation if it is named as a defendant in a suit against the directors and officers Common exclusions include bodily injury and property damage, libel and slander, personal profit, and illegal discrimination