COVID-19 related litigation isn’t limited to business interruption policies. Cases against public companies and their boards related to the handling of COVID-19 are skyrocketing. In turn, the cost of D&O insurance policies has risen by almost half with more increases to come. To mitigate increased costs, some companies are considering workarounds including using a “captive insurer.” Tesla Inc is one such company whose CEO Elon Musk recently announced he was dropping the company’s D&O policy and plans to insure the directors out of his own pocket. Read more about how captive insurers work and the reaction to Musk’s announcement here.