Experts of ADON legal share insights on D&O Liability Insurance with insurance brokers
ADON legal‘s partner Donatas Šliora shared insights with more than 450 insurance brokers on how to choose an adequate D&O Liability Insurance in a live webinar organized by Baltic Underwriting Agency, AB (BUNDA) and Chamber of Insurance Brokers.
In addition to the standard assessment of the insurance coverage, limits and required extensions, the insureds (as well as insurance brokers) should address, amongst other things:
- the continuity to ensure that there will be no gap in coverage;
- the specifics of the clients’ business (especially if the client operates in a regulated sector); and
- the insured’s group structure.
The market interest in directors & officers liability insurance keeps growing. This type of insurance is great for giving more comfort to the directors and officers and, thus, can become an instrument providing a competitive advantage for organizations when attracting quality directors & officers.
ADON legal team regularly advises clients on assessing the required insurance coverage as well as negotiating insurance contracts.