Many directors and officers feel protected from a lawsuit with the business’ directors and officers insurance policy. Unfortunately, this may not be entirely true thanks to presumptive indemnification. These limitations can result in the director or officer facing a claim not covered by the insurance. D&O Insurance D&O insurance policies cover the legal expenses when the company or individual is sued while they are serving on the board of the company or organization. These legal costs can include lawyer fees and trial defense costs. Many businesses have retention they must pay in the event a claim is filed against their...