Directors' and Officers' Liability Insurance

Directors' and officers' (D&O) liability insurance policy is one of the fastest growing areas in the world insurance market. D&O insurance possesses its own rules of law, principles, and features, making it unique in both its nature and operation. Despite being both commonplace and extremely complex, very little has been published to date on this vast topic. This book scrutinizes the rationale behind D&O insurance and provides a clear and comprehensive analysis of how and to what extent company directors are protected against the myriad of potential liabilities they may face. Contents include: the nature and legality of D&O liability insurance sources of directors' and officers' liability liability to third parties liability at civil law persons covered by D&O insurance D&O exclusions defense costs cover and allocation aggregation principles and D&O cover reinsurance of D&O policies.

“With the ever increasing number of claims against directors and officers, this book provides a very welcome addition to the bookshelves which hitherto have lacked books on this important area” - Alison Green, Chairman of the Trustees of the BILA Charitable Trust. This book scrutinises the origins and the rationale underlying D&O insurance, and provides answers to the question of protecting directors against the potential liabilities they may face. It provides clear understanding about D&O policies wording, exclusions and issues of misrepresentation. The information contained in this new book includes Nature and Legality of D&O Liability Insurance, D&O Exclusions, Directors’ and Officers’ Liability to Third Parties, Directors’ Liability at Civil Law, D&O: Defence Costs Cover and Allocation, Aggregation Principles and D&O Cover and the Reinsurance of D&O Policies.

Chapter 1 Introduction to Liability Insurance Chapter 2 The Nature and Legality of D&O Liability Insurance Chapter 3 Persons Covered by D&O Insurance Chapter 4 D&O Exclusions Chapter 5 Sources of Liability and the Consequential Loss: D&O Covered Risk Chapter 6 Directors' and Officers' Liability to Third Parties Chapter 7 Directors' Liability at Civil Law Chapter 8 D&O Defence Costs Cover and Allocation Chapter 9 The Reinsurance of D&O Policies

Adolfo Paolini is a Senior Lecturer in Banking Law and Company Law at The University of Buckingham, UK. Deepak Nambisan is a barrister at Fountain Court Chamber. He specialises in Banking & Finance, Civil Fraud, Commercial Dispute Resolution, International Arbitration and Professional Negligence