Director's and Officer's (D&O) Liability Insurance Policy

This template is a liability and insurance policy for directors and officers (D&O) of a corporation. This template includes practical guidance and drafting notes. This template contains many elements found in a typical D&O policy form. Notable differences between this policy and other common forms are discussed in the annotations. However, this template is not intended to capture all the coverage enhancements, exclusions, endorsements, or other modifications that may be found in the D&O marketplace. Each policy should be read carefully and insurance professionals should be consulted as specific questions arise. Capitalized terms in the annotated comments are intended to refer to defined terms as used in the attached D&O policy form. For a full listing of key content for in-house counsel and corporate secretaries when performing corporate functions, see In-House Corporate Secretary Resource Kit. For more information, see the following practice notes: Director and Officer (D&O) Insurance and Occurrence or Claims-Made Policies. For related information on providing notice under a D & O policy, see the templates, Notice of Circumstance (Claims-Made Policy), and Notice of Claim (Claims-Made Policy). For treatise provisions addressing directors’ and officers’ liability insurance, see New Appleman New Jersey Insurance Law § 6.11, Liability of Corporate Officers and Directors § 23.03, Business Law Monographs § 9.01, and Closely Held Corporations 6.09 .