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Considerations in choosing directors, officers, and trustees insurance
Author(s) -
Taffae Christine C.
Publication year - 1992
Publication title -
journal of healthcare risk management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.221
H-Index - 16
eISSN - 2040-0861
pISSN - 1074-4797
DOI - 10.1002/jhrm.5600120405
Subject(s) - business , corporation , liability , liability insurance , law , accounting , finance , political science
Today, health care organizations need to carry D&O insurance regardless of immunity laws and indemnification provisions. This is a vehicle for the corporation to insure its own liability for indemnification obligations as well as the D&O's when indemnification is not available. D&O policies are not black and white, so be prepared by asking questions about the carrier's defense obligations before a claim. There are knowledgeable and professional D&O carriers who genuinely want to enter into a long-term commitment with you and your board. Take advantage of opportunities to meet the claims representatives as well as marketing people to evaluate this.