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Types of D&O Insurance Coverage
D&O insurance policies can be tailored to meet the specific needs of a business. The three main types of coverage include:
- Side A Coverage: Protects individual directors and officers when the company cannot indemnify them.
- Side B Coverage: Reimburses the company when it indemnifies its directors and officers.
- Side C Coverage: Provides coverage for the company itself when it is named as a defendant in a lawsuit.
Having a comprehensive policy that includes all three coverages can provide a well-rounded shield against various claim scenarios.