Master Hard-Placed D&O Insurance for Financial Advisors

D&O insurance policies typically fall into three main categories:

• Side A Coverage: Protects individual directors and officers when the company cannot indemnify them, such as in the event of bankruptcy.
• Side B Coverage: Reimburses the company when it indemnifies its directors and officers.
• Side C Coverage: Also known as "entity coverage," this protects the company itself against securities claims.

Each type of coverage addresses different scenarios, and a comprehensive policy often includes a combination of these elements to ensure full protection.