Qualified to be a Director? Considerations in Becoming and Remaining a Director

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c)Additional Factors to Consider with Director and Officer Insurance

•How much coverage does the policy provide for?

•Who are the named insureds?

•Does insurance cover all former and existing directors, officers and committee members?

•Are there exclusionary clauses that limit the protection offered by the policy, such as sexual abuse?

•Is coverage on a “claims made basis” or on an “occurrence basis”?

•Is there a historical record of insurance policies?

•Are there geographical limits to the coverage?

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