The directors and officers are key players in the management and administration of any organization. These persons are at the helm of the company. They make executive decisions that impact the growth and profitability of the company. However, being human, the officers of the company often make mistakes while carrying out their duties. Such mistakes […]
Search Results for: Why do I need a D&O policy?
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Should I select a D&O insurer offering lower premium?
A directors and officers liability policy prove to be a valuable addition to an organization as well as to its key managerial personnel. In case the company’s directors and officers commit an error or omission, third-party liabilities are likely to arise. These liabilities are covered by insurer of D&O insurance policy. A company’s profitability faces […]
To what extent can defence costs be claimed under a D&O policy?
Directors’ & Officers’ liability insurance policies cover the financial liabilities that directors face if they commit mistakes in discharging their duties. The third parties who suffer the financial consequences of such mistakes hold them responsible for the financial losses. Accordingly, the third parties might file a lawsuit against the directors and officers of an organization. […]
How to customise D&O insurance policy?
A D&O insurance policy covers the board of directors as well as key managerial personnel i.e. the officers of a business organization. These key personnel take important executive and managerial decisions for the firm. If they make any wrong decision or overlook an important aspect of management, they might unknowingly cause a financial loss to […]
Renewal pricing in D&O insurance
A directors’ and officers’ (D&O) liability insurance policy provides financial protection to an organization’s key management personnel. This article focuses on the renewal pricing in D&O insurance. What is D&O insurance? A company’s managerial executives might make mistakes in discharging their duties. These mistakes, though not deliberate, might cause financial harm to a third party. […]
How to file a claim under a D&O policy?
In an organization, directors and officers take managerial and executive decisions for the company. However, during the course of their activities, directors, and officers can make mistakes or neglect a part of their duties. They may do so unknowingly. However, if any third party suffers a loss due to the wrongful actions of the directors […]
How do I buy a D&O policy?
The leaders of a company make important rules and decisions to help the company grow. The company’s executive employees affect other employees, suppliers, creditors, investors, and the government with their policies, decisions, and actions. For instance, if because of an erroneous action, decision, or judgment, a concerned third party suffers a loss, the directors and […]
How the D&O policy has proven itself to be a modern safeguard key decision makers of IT companies in 2020
Directors and officers of any company hold responsible and powerful positions and the decisions of these key personnel can impact every aspect of their firm or business. These key decision-makers are often personally held liable for any alleged breach of duty or negligence. Over the last years, many IT companies have grown to achieve large […]
Why Angel Investors should influence their funded start-ups to buy a D&O Liability Insurance Policy?
Angel investors want their start-ups to succeed and what better way to ensure success than by influencing start-ups to invest in a D&O Liability Insurance policy for their directors? Start-ups are gaining popularity in India with more and more millennials getting the desired funding for their business ideas. Angel investors, venture capitalists, investment companies, etc. […]
Do non-profit organizations need D&O liability insurance?
Manufacturers buy liability insurance to safeguard against the risk of legal action in case their products harm someone. Similarly, business owners purchase liability insurance to protect themselves from lawsuits owing to accidental harm caused to their employees. Similarly, directors on a company’s board or other senior officers, who shoulder significant responsibilities, also need protection. Any […]