D&O Insurance (Directors and Officers Insurance) is a type of business insurance that protects company leaders when making management decisions. Think of it as a safety net that covers executives if they're sued for decisions they make while running the company. Insurance professionals work with this product to help protect businesses and their leadership teams from lawsuits related to management choices, financial reporting, or regulatory compliance. Similar types of coverage include Professional Liability Insurance or Errors & Omissions Insurance, but D&O specifically focuses on protecting company leadership.
Managed a portfolio of D&O Insurance clients with total premiums exceeding $5M
Developed underwriting guidelines for Directors and Officers Insurance products
Led successful renewal negotiations for D&O coverage with Fortune 500 companies
Typical job title: "D&O Insurance Professionals"
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Q: How would you handle a complex D&O claim involving multiple parties and jurisdictions?
Expected Answer: Should demonstrate knowledge of claims management process, ability to coordinate with legal teams, understanding of different policy triggers, and experience in managing stakeholder expectations.
Q: What factors do you consider when pricing D&O coverage for a newly public company?
Expected Answer: Should discuss company financials, industry risk factors, management experience, corporate governance structure, and market conditions affecting IPO companies.
Q: What are the key differences between Side A, Side B, and Side C coverage in D&O policies?
Expected Answer: Should explain that Side A covers directors directly when company can't indemnify, Side B reimburses the company for indemnifying directors, and Side C covers securities claims against the company itself.
Q: How do you evaluate a company's risk profile for D&O coverage?
Expected Answer: Should mention reviewing financial statements, corporate governance practices, industry trends, past claims history, and regulatory compliance record.
Q: What is the basic purpose of D&O insurance?
Expected Answer: Should explain that it protects company executives from personal financial loss due to their management decisions and actions on behalf of the company.
Q: What are common D&O claim scenarios?
Expected Answer: Should mention examples like shareholder lawsuits, regulatory investigations, misrepresentation claims, and employment-related issues.