Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

How important is it for a P.O.N.Y. League to renew it Directors and Officers Liability policy prior to its expiration date each year?

0
10 Posted

How important is it for a P.O.N.Y. League to renew it Directors and Officers Liability policy prior to its expiration date each year?

0
10

Very important, since your Directors & Officers Liability is a “claims made” policy, it would be very wise not have a lapse in coverage. A lapse in coverage can result in your protection being voided in the event that an incident that arose in the past does not result in lawsuit papers being filed until after your renewal.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123