View and download policies, proposal forms, detailed wordings and network hospital list etc.
See escalation matrix, send service requests, track progress, get acknowledgements etc.
Intimate claim, fill claim form, share documents, track status, get reminders etc.
Claims pertaining to a period before the retroactive date are not covered. If there is a break in the renewal of the insurance then the retroactive date is reset to the start date of the new insurance. We prevent this by ensuring timely renewal.
Claims that come about from an issue that was known before the insurance was bought are rejected. The insurer will cross examine the case closely to see when the company became aware of the matter. This can be addressed by clearly describing any known issues when you buy your first D&O cover.
Litigation by major shareholders is excluded. The insurance carries a definition of major shareholders, generally linked to shareholding. The limit can vary between 15 and 30%. We can prevent rejection on this ground by increasing the major shareholder limits to cover most investors.
Provide the completed claim form, legal notices, court and other correspondence on the matter, estimate of legal fees, letter of subrogation. Do not admit liability without informing the insurer.
An important extension is the Entity Employment Practices Liability Insurance. This add-on comes into play when an employee files a suit against an officer and the company itself. These cases are increasingly common and relate to wrongful termination, breach of trust and harassment.
Contractual liabilities that are part of an agreement; major shareholder litigation, wilful and criminal acts, known issues before the insurance was bought, bodily injury claims, claims pertaining to retired officers after the discovery period.
We have specialized liability underwriters and tie-ups with international experts.
We work with all insurers to get you the best options- both in terms of price and features.
Cover notes are issued within hours of request. This documentation is sufficient for any contractual requirement.
We manage all aspects of your claim - from preparing documentation to follow-up with the insurer.
We will advice you on risk management best practices.
See all your contracts renewal information in one place. Place service requests on PAM.
