ConnieP1 (Florida)
Posts: 3
Posts: 3
Posted:
Just exactly what does D&O insurance cover.
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D&O Insurance
Started by ConnieP1 • 3 replies • 1131 views
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SusanW1 (Michigan)
Posts: 5,202
Posts: 5,202
Posted:
Your insurance policy should list the covered items.
I have seen it used in situations concerning: embezzlement & fraud, discrimnation, financial ignorance on behalf of the board, charges against sexual predators (adults).
I have seen it used in situations concerning: embezzlement & fraud, discrimnation, financial ignorance on behalf of the board, charges against sexual predators (adults).
GeorgerwilliamsW (Indiana)
Posts: 975
Posts: 975
Posted:
Connie, you may find the following web page of interest in answering your question.
http://library.findlaw.com/2000/Jan/1/241472.html
Hope it helps.
http://library.findlaw.com/2000/Jan/1/241472.html
Hope it helps.
JohnK3 (Pennsylvania)
Posts: 967
Posts: 967
Posted:
Susan,
Embezzlement and fraud? That's what I used to think ours covered, until I read it. Misfeasence (poor judgment, mistakes, etc.) is, malfeasence (as in criminal acts) are not. Which is why we recently procured a fidelity bond for our BOD.
Embezzlement and fraud? That's what I used to think ours covered, until I read it. Misfeasence (poor judgment, mistakes, etc.) is, malfeasence (as in criminal acts) are not. Which is why we recently procured a fidelity bond for our BOD.
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