Being on a board of directors carries significant exposure to one’s personal assets, particularly in a challenging economic and regulatory environment. Our Side A Difference in Conditions (“DIC”) policy provides excess coverage for private and publicly-traded organizations and is solely available to the individuals covered by the underlying directors and officers insurance policy.
CFC’s Side A DIC policy responds when indemnification is not available for individual directors and officers, assisting with paying the costs of defending and resolving legal actions against them. The policy functions in the following scenarios:
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