The coverage provided by directors and officers (D&O) liability policies for service
on boards of directors outside the insured firm. Typically, such coverage only
extends to service on the boards of nonprofit, rather than for-profit companies.
Outside directorship liability coverage is found within the majority of corporate
D&O liability policies and is written on either a double
excess or a triple excess basis. See also
Double excess coverage;
Triple excess coverage.
Links for IRMI Online Subscribers Only:
D&O Coverage Guide