foreign title equivalent coverage provision
A foreign title equivalent coverage provision is an endorsement to directors and officers (D&O) liability policies extending coverage to individuals working in the foreign subsidiaries of the insured organization.
foreign title equivalent coverage provision
A foreign title equivalent coverage provision is an endorsement to directors and officers (D&O) liability policies extending coverage to individuals working in the foreign subsidiaries of the insured organization.
Additional Information
The endorsement affords coverage to persons whose duties, responsibilities, and legal liability exposures are similar if not identical to their US counterparts but whose official titles are not "director" or "officer" and are, therefore, not covered, absent this endorsement.
