From D&O Liability Watch - AIG National Union, August, 2004:
Nine Things Board Members Should Consider During The D&O Insurance Purchasing Process
Your professional reputation and personal assets weren't built in a day, but they could be lost in one. As the number of suits and legal tactics targeting directors' and officers' personal assets multiply, so grow the responsibilities of Ds&Os in safeguarding themselves. While the company you serve as a board member will take steps to ensure your protection, it is imperative that you fully comprehend the coverage being offered as well as stay informed on the company offering it. Because a claim opens you up to personal exposure, you should be personally involved in coverage choices and planning. Taking the tips below to heart will help protect you in both good times and bad.