corporate reimbursement coverage
Corporate reimbursement coverage can be found under a directors and officers (D&O) liability policy covering the corporate organization's obligation to indemnify its directors and officers for claims resulting from their acts in conjunction with the organization.
Additional Information
This obligation is usually stated in either the corporate charter or the corporate bylaws and, in some cases, is mandated by state statute. The coverage provided by this section of a D&O policy is also referred to as "Side B" coverage.
