The Directors and Officers ("D&O") Insurance Poem

D&O plus E&O,

Insurance types that can befuddle,

Provide a company and its employees,

Much relief in times of trouble.

You can manuscript broad coverage,

To best protect your operations,

But avoid “off-the-shelf” insurance,

Or suffer future claims frustrations.

Some D’s and O’s at companies,

Simply elect to self-insure,

But soon after have a change of heart,

Once a subpoena lands at the door.

It may allege a wrongful act,

Or request some information,

It’s likely not a cocktail invite,

If labeled SEC investigation.

Fret not insurance has got your back,

Responds to countless accusations,

Stands by your side at appeals court rulings,

Until a final adjudication.

So let’s tip our hats to the one trade,

That indemnifies future loss,

Keeps you above the high water mark,

Limits your out-of-pocket costs.

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David Turner is Vice President at JLT, the largest specialty insurance broker worldwide. When not helping companies make better-informed insurance decisions, he can be found on a tennis court or enjoying the East Village of NYC where he lives with his wife and two children.