Crisis Poses New Risks to Directors
Directorship Magazine
3/19/2009
Victor F. Mustelier
Directors and officers need protection for their personal assets. The need is especially great now, in the wake of the financial crisis, which has opened the door for government investigators and the plaintiffs' bar to seek to hold corporate officials responsible for investors' losses. In this climate, liability insurance tailored narrowly to the needs of directors and officers is an option every corporate board should consider. Protection for individual board members and officers, the original purpose of D&O coverage, becomes critical in financial crises.
In this article, published on March 19, 2009 in Directorship Magazine, Mintz Levin attorney Victor F. Mustelier discusses the D&O coverage options that are available, specifically "Difference-in-Conditions" coverage, and its value during this time of economic instability.
