In the event of a loss, the reporting requirements for directors’ and officers’ insurance policies must be adhered to. When a claimable event happens or may potentially occur, contact your insurance representative immediately.
Facilitating a Claim
To make a claim, document all of the information related to the incident. Your insurance representative will want to know:
- Details of the incident
- Information about steps that were taken to avoid the incident
- What you did to investigate
- What you are doing to prevent future incidents
Whether your board is well-established or new, or if you are considering becoming a board member, learn 11 risk management techniques for managing directors’ and officers’ risks.
Additional Government Resources