Context
Edwin Coe has published an article for insolvency practitioners, on the position where a firm becomes insolvent, and not to overlook whether D&O cover is in place. The article suggests D&O cover should be considered as an asset.
Key points to note and next actions
- Whilst the article is aimed at insolvency practitioners, it draws attention to any D&O cover which may be in place and how it could assist should the firm become insolvent.
- For insurance intermediaries it offers useful background and insight when firms may be discussing this type of cover with clients. D&O cover offers protection and the article comments on the various reasons why it should be considered.
- Intermediaries themselves could look to set up their own D&O cover to provide some protection in the event of insolvency.