Considerations in choosing directors, officers, and trustees insurance.
Today, health care organizations need to carry D&O insurance regardless of immunity laws and indemnification provisions. This is a vehicle for the corporation to insure its own liability for indemnification obligations as well as the D&O's when indemnification is not available. D&O policies are not black and white, so be prepared by asking questions about the carrier's defense obligations before a claim. There are knowledgeable and professional D&O carriers who genuinely want to enter into a long-term commitment with you and your board. Take advantage of opportunities to meet the claims representatives as well as marketing people to evaluate this.
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D002608:Charities / Q000331:legislation & jurisprudence; D003657:Decision Making; D006075:Governing Board / Q000331:legislation & jurisprudence*; D007351:Insurance, Liability / Q000592:standards*; D012308:Risk Management / Q000331:legislation & jurisprudence*; D014481:United States