D&O Insurance: Don't Let The Insurance Companies Control Your Life

Financial Services Alert

PUBLISHED ON: May 1, 2004

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Directors and Officers (“D&O”) insurance is one of the most criticalinsurance protections for any financial institution—and in particular,its Board of Directors. In turn, advancement of defense costs, on amonthly or quarterly basis, is one of the most practical protections providedto any director or officer in such a policy. If a director has to wait until thelitigation is completed before he or she can obtain reimbursement for legalfees—it may be too little, too late.