Common use of Directors and Officers Liability Coverage Clause in Contracts

Directors and Officers Liability Coverage. The Company shall pay, on behalf of each Insured Person, Loss for which such Insured Person is not indemnified by an Insured Organisation on account of any Claim first made during the Policy Period but only if such Claim is reported to the Company in accordance with section 13 of this policy.

Directors and Officers Liability Coverage. The Company shall pay, on behalf of each Insured Person, Loss for which such the Insured Person is not indemnified by an Insured Organisation on account of any D&O Claim first made during the Policy Period but only or, if such Claim is reported to exercised, during the Company in accordance with section 13 of this policyExtended Reporting Period, for a Wrongful Act occurring before or during the Policy Period.