Board Insurer

Board Insurer

An insurance company that provides coverage to boards of directors of publicly traded companies, nonprofits and other organizations. See also: D&O Insurance.
References in periodicals archive ?
These solicitors' fees were paid by the coal board insurers, as the coal board lost their defence, therefore were liable to pay the costs on both sides, but the miners' greedy solicitors also took their fees out of the miners' payout, meaning they were paid twice.
The taxpayer has not paid the miners compensation, the coal board insurers did, but for hundreds of miners it came too late, and the insurers saved millions because of their deaths.
A Department of Health spokesman said: "The necessity to require contractors to have the necessary personal cover is considered by health board insurers as representing the insurers best professional advice and seeks to transfer the risk to the appropriate party.
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