What Does Outside Directorship Liability Coverage Mean?

Free Business Insurance Quote Click Here
What does Outside Directorship Liability Coverage mean? Read on to discover the definition & meaning of the term Outside Directorship Liability Coverage - to help you better understand the language used in insurance policies.

Outside Directorship Liability Coverage

Outside Directorship Liability Coverage

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.

We hope the you have a better understanding of the meaning of Outside Directorship Liability Coverage.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z


Free Business Insurance Quote Click Here