Directors and officers of corporations know that their companies can spend thousands if not millions of dollars on Director and Officer liability insurance (D&O Insurance). These sums are spent to protect the directors
and officers from potentially bankrupting litigation. D&O insurance alone, however, is an inadequate defense for directors and officers; they also need state-of-the-art personal indemnification agreements.
The Importance of Personal Indemnification Agreements
March 3, 2015