Blog: Elon Musk and the future of the D&O market
James Denison of Weightmans and FOIL considers the future for D&O and the prospect of further self-indemnification.
Elon Musk recently made headlines in the insurance industry press for stating that he has replaced Tesla’s D&O policy with a personal indemnity for the company’s board members in response to “disproportionately high” renewal quotations.
The story is one high-profile example of a possible trend of companies scaling back on D&O cover as the market continues to harden. So what is moving the market, how are businesses responding and what might the consequences be if companies increasingly rely on
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