Directors’ and officers’ (D&O) insurance policies are traditionally structured as “ABC” policies, comprised of Side A, B, and C coverage that together provide protection for the issuer and for directors and officers. For SPACs, ABC polices differ from those of a traditional operating company with a balance sheet, and, as a result, some SPACs elect
D&O Insurance
Main Components of SPAC Insurance
By Carlos E. Juarez on
Posted in D&O Insurance, SPACs
From a SPAC’s IPO through to its initial business combination with a target company and beyond, there are certain D&O insurance considerations that may not be top of mind for a SPAC management team. However, budgeting for and structuring D&O insurance plans is an essential part of attracting independent directors to a SPAC’s board and…