Why do I need a D&O policy? 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 take executive decisions that impact the growth and profitability of the company. However, being human, the officers of the company often make mistakes […]
Should I select a D&O insurer offering lower premium? A directors and officers liability policy proves to be a valuable addition for an organisation as well as for its key managerial personnel. In case the company’s directors and officers commit an error and omission, third party liabilities are likely to arise. These liabilities are covered […]
To what extent can defence costs be claimed under a D&O policy? Directors and 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 […]
How to customise D&O insurance policy? A directors and officers liability insurance covers the board of directors as well as key managerial personnel i.e. the officers of a business organisation. 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, […]
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 organisation, 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 […]
Why Angel Investors should influence their funded start-ups to buy a D&O Liability Insurance Policy?
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 […]
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 […]
A D&O insurance policy has components that you can customize to meet your business needs. Know more about them here.
In this fast-growing world of careers, people love to take the challenge of diversifying their professional skills. For this reason, you can easily find senior executives and board members switching roles from one company to the other. If you are on the board of your organization, you will be held liable for companies actions resulting […]