CASE: "HOW MUCH IS "ENOUGH" DIRECTOR AND OFFICER LIABILITY INSURANCE (D&O) FOR A BOARD MEMBER?" First: please read the "D&O Insurance Case." Case Moderator Charles Goodrich’s discussion will cover public, private, and non-profit Board member coverage. This discussion will also be of value...
作者:Carolyn H. RosenbergJ. Andrew MossAmber S. FinchKatherine J. Ellena In addition to compliance with and consideration of legislation and voluntary initiatives such as The Board Challenge, companies and their board members should look to their directors’ and officers’ liability (D&O) ...
But if we want to talk about things that JCPS does the other districts don’t do in order to protect our students and our staff, we could look at our policy of requiring $5 million in cyber liability insurance for anyone providing us with a digital resource that requires the sharing of ...
against liability); ▶ the Board members are appointed (except for the initial Board Members who were appointed at incorporation) and dismissed by the Management Board of the foundation (Airbus SE may however appoint one Board member in a situation where there are no foundation Board members);...
Directors’ Liability Insurance The Company has in place an appropriate directors’ and officers’ liability insurance policy for each member of the Board to cover their liabilities on damages arising out of corporate activities. The coverage and the sum insured under the policy are reviewed on an ...
It covers the personal liability of the insured in cases of financial loss associated with their activities on behalf of the Company. The insurance policy for fiscal 2017 includes a deductible for the members of the Managing Board and the Supervisory Board that complies with the requirements ...
State Board of Insurance, 957 F.2d 178, 181 (5th Cir.) (quoting Williamson v. Coverage A: Bodily injury and property damage; Coverage B: Personal and Advertising Injury liability; Coverage C: Medical Payments; Products: Completed Operations; Fire Legal Liability; Policy coverage must be on an...
There are clearly liability issues at play when a board is forced to make a decision in favor of one unit owner or another, and it goes without saying that any conflict that gets physical is a matter for the local authorities. But some conflicts fall into a gray area, and can present ...
Kenneth Porter, ARM, co-founder of the sharing economy insurance firm Porter & Curtis, LLC in Media, Pennsylvania says, “There are significant implications, because the personal liability part of homeowners policies typically excludes or restricts coverage for business activities,” he says. “That...
According to the Articles of Association, we may establish a director liability insurance system to reduce the risks that may be incurred by directors in the performance of their duties. Our Board has passed a resolution in relation to the director liability insurance arrangements. Delegation by ...