Today on Don't Take No for an Answer, Lynda A. Bennett and Eric Jesse discuss what happens under D&O policies when an executive wears multiple hats—or, as it’s known in the insurance industry— acts in more than one capacity, as often happens when a private equity fund places one of their representatives on the board of a portfolio company. What’s the definition of a wrongful act, and what’s the difference between a coverage grant that says it will pay for wrongful acts committed by people acting in their capacity as an insured, and a coverage exclusion clause that states it will not provide coverage for executives acting outside of their capacity?

Speakers:

Lynda A. Bennett, Partner and Chair, Insurance Recovery
Eric Jesse, Partner, Insurance Recovery