Checklist of Issues to Review for Directors and Officers Insurance

CHECKLIST OF ISSUES TO REVIEW
FOR DIRECTORS AND OFFICERS LIABILITY INSURANCE

1. Is the dollar amount of the coverage sufficient?

2. Is the insurer financially strong?

3. Are the premium payments competitive?

4. Is the deductible too large?

5. Does the policy cover all directors and officers or do they have to be specifically named?

6. When can the insured terminate or not renew coverage?

7. Are legal fees covered?

8. When do claims have to be made?

9. Does the insured have a good history of paying claims (especially important in this area)?

10. Are the exclusions from coverage too broad (these are often negotiable)?

11. Are there special endorsements....