Striking Restrictive Regulatory Exclusions in Directors & Officers (D&O) Policies
Underwriters often insert broad SEC regulatory exclusions in D&O policies that leave founders personally liable. Here is how risk managers negotiate comprehensive Side-A coverage.
Amit KasliwalCEO & Founder, Dehurdle
July 20, 20224 min read
The Dedicated Side-A DIC Tower Script
Recommended Spoken Script
What to say to the lead underwriter: "To protect our board directors prior to our IPO filing, we require a dedicated $25M Side-A Difference-in-Conditions (DIC) excess tower that drops down unconditionally in the event of corporate insolvency or regulatory defense advancement disputes, with a complete strike of the broad SEC investigation exclusion."
The 2-Minute Practice Drill
2-Minute Spoken Drill
The 2-Minute Practice Drill
Practice D&O insurance negotiations in Dehurdle.