What is the Change in Control provision in a D&O Policy?

What is the change in control or change of control provision in a D&O Policy?
When a firm's ownership structure changes there is a change in control, which impacts the terms and provisions of most D&O policies. Generally, a change in ownership of more than 50% of a firm will trigger this policy provision and cancel the policy upon the date of the change.
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In this video, we describe the Change in Control provision in D&O and other Management Liability policies and what considerations should be made during mergers and acquisitions.
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👦 Gordon Coyle is the CEO of The Coyle Group, a New York based insurance brokerage and risk consulting firm, operating across the country, focused exclusively on the business insurance market.
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