How does D&O fit within management liability?
Management liability is a broader category that can include D&O, employment practices, fiduciary liability, and other separately defined coverage parts. Compare the grants and limits for the parts you actually purchase. A management policy title does not prove that every part is included. Review shared aggregate limits and separate retentions where relevant so the program reflects both leadership and employment-related exposures.
What do Side A, Side B, and Side C mean?
These terms describe different coverage functions often discussed in a D&O review. Side A generally concerns insured individuals when the company does not indemnify them under the applicable terms; Side B concerns reimbursement of company indemnification; Side C concerns defined entity coverage. The scope varies by organization and policy. Ask how the proposed structure works for your company instead of relying only on the labels.
What changes should we discuss before renewal?
Tell Cory about new investors, fundraising, acquisitions, changes in control, subsidiaries, and new board members. Share a planned transaction early enough to discuss its insurance implications. Ask how the policy treats newly acquired entities, prior acts, and any reporting or runoff provisions. The review should take account of the business you expect to operate during the next policy period, not only the current organization chart.
Which policy terms deserve a close comparison?
Review insured-person and insured-entity definitions, claims-made and notice requirements, defense expenses, retention, and allocation provisions. Ask about exclusions relevant to your activities, including professional services and known circumstances. Clarify whether limits are shared with other coverage parts. A broad description of leadership protection does not establish that every investigation, contractual dispute, or business decision will be covered.
An investor-related scenario to discuss
Imagine an investor alleges that leadership provided inaccurate information during a funding round. The insurance review should consider the insured capacity, timing, entity coverage, and applicable exclusions. This example identifies questions to ask, not an opinion on the allegation or a statement that a policy would respond. Actual demands and circumstances should be disclosed and reported according to the relevant requirements.
How can we start the D&O conversation?
Provide your company website, ownership overview, board structure, renewal timing, and any insurance requirement connected to financing. Current policies and a high-level description of planned changes help Cory frame the review. Detailed financial information and transaction documents can follow through the agreed process. Use the public website inquiry for business contact details rather than confidential investor records or legal advice.
Related coverage guides
Raising capital or changing company leadership?
Tell Cory about the ownership or board changes and your next decision deadline. Cory will follow up to discuss the business and the information needed for the next step.
Request an insurance review with Cory or call 845-721-0744.
Preparing for the conversation? Download the business insurance review checklist (PDF). No signup required.
Practical reading before your next decision
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Submitting an inquiry does not bind, amend, or cancel coverage. Coverage availability and terms depend on underwriting and the policy issued.
Further reading: Coverage background.
