Originally Posted by
WillowRun 6-3
indemnification for defense counsel representation typically is provided for the senior-most managers, as well as directors (board of...) and corporate officers.
Is this some difference in US law or practice ? In the UK, if I do some outright stupidity while on the company business, it's covered by our Professional Indemnity insurance and the legal costs by the company. Even something as arch as driving the company vehicle while drunk and getting in a collision. Been there, had to fund that out of the departmental P&L. Our lawyer said it was quite a bit of their work.