Directors and Officers Liability Insurance

Directors & Officers Liability Insurance

With the advent of globalization, business environment in the country is changing rapidly. Shareholders, employees, regulatory bodies and consumers are becoming aggressively assertive of their perceived rights to influence corporate decisions and business strategies. Thus, being a Director or Officer of a company these days brings with it, not only the stress and strain of making business decisions; but also exposure to enormous potential legal liability. Directors and Officers (D&O) Insurance covers personal liability of the Director or officer, in the event of a claim against them, alleging a wrongful act in their day to day activities in a managerial or supervisory role in the organization. The D&O policy normally covers all past, present and future Directors and Officers of the Company and its subsidiaries (present as well as acquired or created during the policy period).

We provide solutions which covers
  • Loss resulting from any covered claim brought against the Directors and Officers.
  • Defence costs incurred, with prior written consent of the Insurance Company.
  • Civil sanctions
  • Official investigations
  • Crisis management
  • Risk management
  • Employment practices
  • Retired directors
  • Severability
  • Punitive and exemplary damages
  • Run-off cover
  • Entity Securities( for listed companies)
  • Additional limit for non-executive directors