Coverage Guide
D&O Coverage Guide
Understanding Side A, B, and C coverage.
What D&O Covers
Breach of fiduciary duty
Mismanagement claims
Regulatory investigations
Employment practices claims
Securities claims (public)
Defense costs
Side A Coverage
Protects directors and officers directly when the company cannot or will not indemnify them. Most critical coverage.
Side B Coverage
Reimburses the company when it indemnifies directors and officers. Protects company balance sheet.
Side C Coverage
Covers the company entity for securities claims. Most relevant for public companies. Also called "entity coverage."