Side A coverage
Term · Insurance and risk management · MLC-T-INS-003081
A component of a Directors and Officers (D&O) liability insurance policy that provides direct coverage to individual directors and officers for their personal liability. This coverage applies when the company is legally unable or unwilling to indemnify them for defense costs or judgments. It is non-indemnifiable coverage, meaning the company cannot reimburse the individuals for these losses.
| Identifier | MLC-T-INS-003081 |
|---|---|
| Field | Insurance and risk management |
| Subject | Management Liability |
Record as JSON
{
"id": "MLC-T-INS-003081",
"term": "Side A coverage",
"field": "Insurance and risk management",
"definition": "A component of a Directors and Officers (D&O) liability insurance policy that provides direct coverage to individual directors and officers for their personal liability. This coverage applies when the company is legally unable or unwilling to indemnify them for defense costs or judgments. It is non-indemnifiable coverage, meaning the company cannot reimburse the individuals for these losses.",
"subject": "Management Liability",
"url": "https://mlchart.com/terminology/insurance/side-a-coverage/"
}
Record 3,136 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.