Regan Guth – You don’t know D&O Insurance
Regan Guth, Shareholder at Diversified Insurance Group and I chat about the rarely discussed fine points of D&O insurance that every CFO should understand.
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?
- 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?
- Mid Size
- 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?
- 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.