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We recently discussed the increased risks for directors and officers in the time of COVID in our last blog. We also shared questions that both companies and insurers should be asking while in the process of developing new products to answer the emerging needs attributed to the pandemic.
We recommend reading that blog to appreciate the value of purchasing a D&O policy or at least revisiting your current insurance plan to evaluate if it’s enough to protect your company for a possibly huge loss.
Below are examples of claims for D&O from three different types of business: