If a director at a financial services company makes a filing mistake resulting in a fine from the Securities and Exchange Commission (SEC), the company's Directors and Officers (D&O) insurance policy will not cover the penalty because such policies generally exclude fines and penalties.

Authors

• Person: Not available Organization: Founder Shield
  Using Insurance As A Critical Risk Management Tool - Founder Shield

Sources

• Using Insurance As A Critical Risk Management Tool - Founder Shield foundershield.com Founder Shield via serper

Referenced by nodes (1)

• U.S. Securities and Exchange Commission entity