Over half of respondents conveyed getting better language as a “most important” priority for this year. (Photo: Shutterstock)Directors and officers (D&O) are most concerned about cyber risks and employee-related risk, according to the 2018 Willis Towers Watson Management Liability (Directors and Officers) U.S. Survey.
When looking at perspectives from specific respondent roles (risk managers, CFOs, CLOs), cyber ranked as a top concern for all, while CFOs and legal compliance respondents largely had moderate to great concern over employee claims. Regulatory and enforcement risks also weighed on the minds of nearly half of the respondents, and multinational/cross-border risks resonated with most CFOs in this survey.
Related: Who’s on board when it comes to cyber resilience?
Insuring D&O concerns
Public companies overwhelmingly (91%) purchase D&O insurance as a stand-alone line of insurance coverage.
Eighty-three percent of public respondents’ D&O programs typically contain both traditional “A-B-C D&O” insurance (protects the insured persons and the organization) and excess “Side-A only” above the A-B-C…
