Is it important for my league to renew its Directors & Officers Liability policy prior to its expiration date of February 1 of each year?
Yes, since your Directors & Officers Liability is a “claims made” policy, it is essential that there not be any lapse in coverage on the renewal. If there is a lapse in coverage, this 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
- 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?
- Is it important for my league to renew its Directors & Officers Liability policy prior to its expiration date of each year?
- Is it important for my league to renew its Directors & Officers Liability policy prior to its expiration date each year?
