Shield Your Success with This D&O Insurance Secret
D&O insurance policies typically fall into three categories:
- Side A Coverage: Protects individual directors and officers when the company cannot indemnify them.
- Side B Coverage: Reimburses the company when it indemnifies its directors and officers.
- Side C Coverage: Also known as "entity coverage," it protects the company itself against securities claims.
Each type serves a specific purpose, and businesses often choose a combination to ensure comprehensive protection.