
The typical U.S. D&O insurance policy does not provide coverage for fines and penalties. The standard definition of Loss in U.S. D&O insurance policies provides that Loss does not include “fines, penalties, and matters deemed uninsurable under applicable law.” The situation may be different in some countries outside the U.S. In the following guest post, Umesh Pratapa, considers the question of the extent to which D&O policies may under certain circumstances provide coverage for fines and penalties. Umesh is the Author of the handbook on D&O liability insurance published by Institute of Directors (IOD), India, and Consultant – liability insurance. I would like to thank Umesh for allowing me to publish his article as a guest post on this site. I welcome guest post submissions from responsible authors on topics of interest to this site’s readers. Please contact me directly if you would like to submit a guest post. Here is Umesh’s article.Continue Reading Guest Post: D&O Insurance – Coverage for Penalties: New Insights from Recent Australian Judgement