CONTACT US Search form Search ABOUT ICI MUTUAL PRODUCTS & SERVICES RESOURCES FAQs Independent Directors Overview ICI Mutual understands the risks and exposures that civil litigation, regulatory investigations and proceedings, and related matters (such as shareholder derivative demands) may create for funds and fund independent directors. As a resource for the independent director community, ICI Mutual assists directors in evaluating their risks and exposures, and in reaching informed business judgments regarding the purchase of liability insurance coverages for themselves and for the funds they serve. As a provider of directors & officers/errors & omissions (“D&O/E&O”) liability insurance and independent directors liability (“IDL”) insurance, ICI Mutual offers proven insurance products, tailored to the needs and interests of funds and fund independent directors, along with fair, even-handed and expeditious claims handling. Independent directors protect the interests of their funds and of fund shareholders. ICI Mutual, in turn, protects independent directors and their funds against the legal defense costs and other financial exposures they may face in fund industry claims. FAQs What types of liability risks are faced by fund independent directors? As an independent director, am I at significant risk of incurring personal financial exposure that cannot be paid (i.e., “indemnified”) by my fund? What kinds of liability insurance coverages are available to protect funds and fund directors? What is the difference between a “funds only” D&O/E&O insurance policy and a “joint” D&O/E&O insurance policy, and what is industry practice in this regard? How much D&O/E&O insurance should our funds purchase? Should our fund group purchase dedicated insurance coverage (i.e., IDL insurance) for our fund independent directors? What is ICI Mutual’s financial strength? © ICI Mutual Insurance Company, a Risk Retention Group. All Rights Reserved. 1401 H Street NW, Suite 1000 Washington, DC 20005 | 800.643.4246 Terms of Use Home Contact Us