Side A Coverage

Side A Coverage is an important form of insurance for directors and officers of a company, as it helps protect them from financial losses they may incur as a result of claims made against them. Side A Coverage may cover legal defense costs, settlements, or judgments against the insured. It may also cover any fines or penalties that the insured person may be required to pay.

Side A Coverage is usually purchased as an additional layer of protection above and beyond traditional corporate indemnification or insurance. It may also be referred to as “directors and officers insurance” or “D&O insurance.” It is an important tool for companies to protect their directors and officers from personal financial losses due to claims made against them.

In summary, Side A Coverage is a type of insurance that may refer to the protection of individual directors and officers from personal financial loss due to claims brought against them. It is designed to cover any gaps left by traditional corporate indemnification or insurance, and it is typically used to provide more comprehensive financial protection for individuals.