What Is Directors and Officers Liability Insurance?

A directors and officers liability insurance policy includes three coverages: individual coverage (protects company leaders), corporate reimbursement (reimburses a company for legal fees it pays on ...
JD Supra

Basic but Important Considerations for Corporations—Both For-Profit and Non-Profit: Understanding Director and Officer Liability Insurance

Insurance commonly referred to in the insurance industry as "directors and officers" or "D&O" insurance is insurance that is payable to directors and officers of a corporation, or to the corporation ...
Law

Boardroom Bots: Is Your AI-Powered Director Covered By Insurance?

The rapid ascent of AI to the pinnacle of corporate ranks is fascinating, but don’t get caught gazing at the shiny new director; its guidance and decision-making pose a whole new and complex set of ...
JD Supra

The Function and Limits of Directors and Officers Insurance Policies in Class Actions and the Companies’ Creditors Arrangement Act

The Ontario Superior Court has held that claims made insurance policies issued to directors and officers upon a company filing for protection under the Companies' Creditors Arrangement Act, RSC 1985, ...