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Understanding Your D&O Coverage

What keeps directors up at night? Many worry about personal liability from their board service. In a 2011 survey, 76 percent of CEOs surveyed said they were not confident for-profit boards had adequate insurance coverage, and 70 percent said the same about nonprofit boards. Only 59 percent of respondents said their board had directors and officers (D&O) liability coverage.  (Source: Survey, Chartis and The Chief Executive Group)[737 word article, January/February 2012]

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