How should a company make sure that it is getting the best D&O insurance coverage possible?
The company will need help. In all likelihood the company already has an insurance broker that it has worked with to secure other types of insurance such as general liability, property and worker’s compensation coverage. Not all insurance brokers, however, have expertise in negotiating top quality D&O insurance, even if they have experience in placing other types of insurance. The company should find out from its existing insurance broker exactly what experience it has with placing D&O insurance. References should be asked for and checked. It is not uncommon for a company to retain a specialist for securing D&O insurance while maintaining its relationship with its original insurance broker for other, more routine coverages. If maintaining two broker relationships sounds too complicated, then the company should switch its entire insurance program over to a broker that has the depth of expertise to make sure that the D&O insurance is negotiated correctly. Finally, the company’s legal cou
