About This Episide

Regan Guth, Shareholder at Diversified Insurance Group and I chat about the rarely understood fine points of D&O insurance that every CFO should understand. What does a good D&O Policy cover? How exactly does a D&O policy work in the event of a claim? What are the specific policy terms you should watch out for and what do they mean? How do you make sure you are covered by the D&O policy? What is the role of indemnification letters and when to use them?

D&O Insurance 

• General Discussion 
• What does a good D&O Policy cover? 
• What CAN a D&O policy cover, but can be omitted based on the fine print in your policy? 
• What does a D&O policy NOT cover, under any circumstance. 
• What amount of limits/coverage should you expect? 
• Startup
• Mid Size
• Enterprise 
• As a CFO, how do ensure you are covered by your D&O Policy? 
• Do you need to be listed as an officer (Treasurer/Secretary) on corporate documents? 
• What if you are the head of finance at a startup, You have a VP of Finance title, and are not listed on corporate documents? 
• Any special requirements to ensure other officers and directors of the company are covered? What about other executives? 
• What is the role of a Separate indemnification letter? 
• When is it appropriate to ask and what should you Include in its contents? 

• Scenarios 

• You are about to accept a head of finance position at a new job, what considerations regarding D&O should you have? 
  • Should any language be in your offer letter?
• As a CFO, you have a D&O policy, but want to make sure you have a good coverage, what specific questions can you ask your agent to gauge the strength of your policy?
• From a CFO Perspective, what is a scenario that you might believe you are covered by D&O, but you really aren’t.