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The Importance of Personal Indemnification Agreements
Management Liability
Priya Cherian Huskins, Esq.
Mar 03, 2015
Priya Cherian Huskins, Esq.
Mar 03, 2015
1 minute
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).
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.
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