Triple excess coverage

Term · Insurance and risk management · MLC-T-INS-003753

A basis on which outside directorship liability coverage responds only after three prior protections are exhausted or unavailable: the outside entity's indemnification, the outside entity's directors and officers insurance, and the company's own indemnification of the director. It goes one step beyond double excess, under which the company's own indemnification is not a prior layer of recovery.

Table 1. Record
Identifier	MLC-T-INS-003753
Field	Insurance and risk management
Subject	Management Liability

Record as JSON

{
  "id": "MLC-T-INS-003753",
  "term": "Triple excess coverage",
  "field": "Insurance and risk management",
  "definition": "A basis on which outside directorship liability coverage responds only after three prior protections are exhausted or unavailable: the outside entity's indemnification, the outside entity's directors and officers insurance, and the company's own indemnification of the director. It goes one step beyond double excess, under which the company's own indemnification is not a prior layer of recovery.",
  "subject": "Management Liability",
  "url": "https://mlchart.com/terminology/insurance/triple-excess-coverage/"
}

Record 3,447 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.