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List of civil fines and penalties in d&o

QuestionsCategory: Directors & Officers Liability InsuranceList of civil fines and penalties in d&o
default avatarPlan Cover Staff asked 3 years ago
1 Answers

Best Answer

default avatarSrinivasan Mahadevan answered 3 years ago

D&O liability insurance  policies pay for expenses—investigation costs, legal fees and settlements—faced by defendants involved in litigation. Losses under the insurance can also include court awarded judgments, like damages, civil fines and penalties. 

Civil fines or penalties imposed by a governmental agency and arising from a Regulatory Action can get covered only if the civil fines or penalties imposed is insurable under the law of the jurisdiction imposing such fine or penalty.