outside directorship liability coverage

Outside directorship liability coverage refers to the coverage provided by directors and officers (D&O) liability policies for service on boards of directors outside the insured firm.

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Additional Information

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.


Related Terms

Outside directors are members of a corporate board of directors who are not employees of the...