Adequate Directors and Officers Coverage Essential to Board Service

, New York Law Journal


In her Professional Liability Insurance column, Sue C. Jacobs of Goodman & Jacobs writes: During the last few weeks the newspapers have had various articles about the acts of members of boards of trustees and directors of organizations. The articles have not specifically addressed insurance coverage, but one conclusion is mandatory. No one should agree to serve on a board unless she is sure the board has a D&O policy with adequate limits of liability for all directors' acts while serving as members of the board.

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