Retired directors liability policies

{
  "id": "MLC-T-INS-002931",
  "term": "Retired directors liability policies",
  "field": "Insurance and risk management",
  "definition": "Insurance coverage specifically designed to protect individuals who have retired from their positions as directors or officers from claims arising out of their past service. This coverage is often provided through an extended reporting period (tail coverage) endorsement to an existing directors and officers (D&O) policy. It addresses the long-tail nature of D&O claims, which can emerge years after an individual leaves a board.",
  "subject": "Management Liability",
  "url": "https://mlchart.com/terminology/insurance/retired-directors-liability-policies/"
}