MLchartDataset catalogue

Side B coverage

Term · Insurance and risk management · MLC-T-INS-003083

A component of a Directors and Officers (D&O) liability insurance policy that reimburses the company for its indemnification obligations to its directors and officers. This coverage applies when the company is legally permitted and financially able to indemnify its executives for defense costs, judgments, or settlements. It essentially protects the corporate balance sheet from the financial impact of indemnifying its insureds.

Table 1. Record
IdentifierMLC-T-INS-003083
FieldInsurance and risk management
SubjectManagement Liability
Record as JSON 
{
  "id": "MLC-T-INS-003083",
  "term": "Side B coverage",
  "field": "Insurance and risk management",
  "definition": "A component of a Directors and Officers (D&O) liability insurance policy that reimburses the company for its indemnification obligations to its directors and officers. This coverage applies when the company is legally permitted and financially able to indemnify its executives for defense costs, judgments, or settlements. It essentially protects the corporate balance sheet from the financial impact of indemnifying its insureds.",
  "subject": "Management Liability",
  "url": "https://mlchart.com/terminology/insurance/side-b-coverage/"
}

Record 3,138 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.