Indirect Protection

September 2017: Vol 40 No 9
by Charlene Komar Storey

Details to know about directors and officers insurance

red arm holds a red umbrella over five businessmen

With the surge in rules and regulations in recent years, it sometimes seems that directors should adopt the mantra “expect the worst.” It’s never a bad idea to prepare for the worst, but the best mantra for a director may be “never assume anything.

Presupposing that a CU or its directors will never get sued by a disgruntled member could lead to trouble. And while great board leadership behavior is the best protection, directors and officers insurance needs to be ...

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