Personal Profit and Return of Remuneration

August 2009

The personal profit exclusion, which is found in most D&O policies, precludes coverage for claims based on the insured individual's gaining profits to which he is not legally entitled. This exclusion usually is accompanied by or written in conjunction with the return-of-remuneration exclusion. The personal profit exclusion is illustrated in the following example. Note that the language has changed little in nearly forty years.

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