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lets go over why cya day coverage on a dno policy is so important first off what is site a coverage site a coverage rather than site b or c coverage refers to coverage for directors and officers that have not been indemnified by their organization while its common practice and important for an organization to indemnify the directors and officers sitting on its board it isnt always possible it could be that the company is facing insolvency and doesnt have the resources to indemnify the individual directors or it could be that theyre legally not allowed to do so so lets go through an example imagine sally has agreed to sit on the board of a privately held energy company the company is struggling sally and the other directors do what they can to revitalize the struggling company the company has a number of assets so in order to get some quick cash the directors agreed to sell many of these given their financial position the directors werent as bothered about getting market value fo