SBBO attorney Garth Gersten was interviewed for a September, 2018 article in FitSmallBusiness, a national site that provides multiple digital resources for small businesses in areas such as marketing, accounting, insurance, finance and law.
The article, “D&O Insurance: Coverage, Costs & Exclusions,” examines all aspects of directors and officers liability insurance: what it is, what it covers and doesn’t cover, what it costs, and how to do due diligence in order to find the best policy.
In the article Mr. Gersten explains that D&O insurance can provide a wide range of coverage types.
He adds: “A D&O policy provides coverage for individual directors and officers against claims for ‘wrongful acts,’ which are defined in the policy but may differ from insurer to insurer. This is known generally as Side A coverage—and can be purchased separately. A D&O policy also provides coverage for the company if the company is required by statute or bylaws to indemnify directors and officers. The policy also applies to other claims against the company itself, as for claims for violations of securities laws.”
Read the article in full here.
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