Board Insurer

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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.
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."