Law Firms' Secret Weapon D&O Insurance Guide

D&O insurance policies typically fall into three main categories:

- **Side A Coverage**: Protects individual directors and officers when the company cannot indemnify them, such as in bankruptcy situations.

Side B Coverage**: Reimburses the company when it indemnifies directors and officers.

- **Side C Coverage**: Also known as "entity coverage," it protects the company itself against securities claims.

Each type offers distinct advantages, and firms often choose a combination of these to tailor their coverage to specific needs and risks.