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Can directors buy D&O policy for themselves?

The role of directors The directors of an organization make efforts toward the growth and development of the company. They are liable to the stakeholders, business vendors, suppliers, creditors, government, and even to the business. Normally, directors and managerial officers have to take important decisions for the organization’s benefit. These decisions impact third parties too. […]

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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 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 […]

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Can I include the add-on coverage after buying D&O insurance?

Organizations are at constant risk of lawsuits and third-party claims if their key personnel commit any mistakes that cause a financial loss to third parties. Though the directors and officers of the organization make decisions for the growth and development of the organization, they might make mistakes that might incur lawsuits and hefty settlements. The […]

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Renewing a D&O policy

Poor decisions or incorrect responses to events could prove financially crippling for a company’s employees, vendors, stakeholders, or other relevant third parties. If these individuals suffer due to decisions made by an organization’s directors or officers, they might file a lawsuit. Renewing the D&O liability insurance policy in a timely manner would avoid losses incurred […]

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How do I buy a D&O policy?

The top management of an organization makes important executive policies and takes decisions to further the growth of the company. These policies, decisions, and actions of the managerial employees of the organization impact third parties like other employees; stakeholders like suppliers, creditors, investors; and even the government. For instance, if due to an erroneous action, […]

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Buying Process of D&O Policy – Infographic

Directors’ and officers’ liability insurance is the most crucial cover to protect your directors and officers from legal liabilities arising out of their duties. To purchase Directors and Officers Liability Insurance, you will need to contact an insurance broker or agent who specializes in this type of coverage. They will ask you a series of […]

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