It’s common to assume that a company’s D&O insurance policy will automatically cover a director or executive. Unfortunately, this isn’t always a safe assumption to make. It’s wise to seek confirmation about the adequacy of a D&O policy before you need to make a claim. Or it may be far too late.
Our recommendation is to review all of your D&O coverages every year.
Based on our experience of advising Luxembourg-based directors and executives, we have summarised the 10 most commonly incorrect assumptions about D&O insurance protection.