They are three different insureds inside one policy. Side A pays a director or officer directly when the company cannot indemnify them, which is the piece that protects personal assets in an insolvency or where indemnification is barred. Side B reimburses the company when it does indemnify them. Side C, entity coverage, responds when the organization itself is named. Which sides your form carries decides whose money is at risk. For a nonprofit or private company recruiting directors, Side A is usually the part that makes the conversation possible.
Related FAQs
Many do. Volunteer directors can still face personal claims, and D&O is often what makes strong candidates comfortable serving.
Both, depending on the claim and how the policy is structured. We can walk you through the pieces.
No. Private companies, startups, and nonprofits face management claims too, and their leaders often carry personal exposure.
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