Read before buying a D&O insurance policy
D & O and Management Liability Insurance Partner Thomas Bentz Jr. and Senior Counsel Shannon Graving had their book "A Buyer's Guide to Obtaining Comprehensive D&O Insurance Coverage," highlighted in the spring 2010 issue of Directors & Boards.
In its review of Mr. Bentz and Ms. Graving's book, the magazine encouraged its subscribers to "read before buying a D&O insurance policy." The book, published in 2009, provides a basic understanding of the complexities of directors and officers (D&O) insurance and offers tips to help insureds obtain the strongest possible protection.
The article adds that D&O policies are among the most volatile and contain vast numbers of conditions and detailed definitions that can lead to millions of dollars in losses when not interpreted correctly.