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What is the importance of retroactive date in liability insurance policy?

The retroactive date in a liability insurance policy is either –   Date from which you have held uninterrupted insurance cover (despite changing insurers on renewal) or Date from which your insurer has agreed to provide   The retroactive date in liability insurance policy is important because it determines how far back in time an incident can occur […]

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Are Directors & Officers personally liable For Company Debts?

Investors frequently require the Directors and Executive officers to be covered under protective insurance. This ensures that the company does not suffer any monetary losses arising out of an alleged act of the director. Investor directors are also concerned that they may face litigation because of their role on company boards. The awards by the […]

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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 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 […]

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Need of Directors and Officers liability policy – Infographic

Directors & officers liability insurance protect directors and officers, in the event, that they get sued by employees, vendors, competitors, investors, customers, or third parties, for wrongful acts or omissions in managing a company. Directors and officers liability insurance, also known as D&O insurance, is a type of insurance that helps protect the personal assets of […]

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The Most Significant Liabilities for a Company Director

Introduction– The Companies Act, 2013 (“The Act”) defines a director to mean a director appointed to the Board of a company. The Act consists of the concept of an ‘officer who is in default for the purposes of affixing liability on such person in respect of any contravention of the provisions of the Act by […]

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Is D&O policy required in case of merger/acquisition?

Mergers or acquisitions have become common today. Large companies take over or merge with smaller companies with a view to expanding their business. Whenever there is a merger or an acquisition, the directors and officers of both companies involved face a volatile situation. During mergers and acquisitions, shareholders, stakeholders and other third parties associated with […]

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Case Studies in D&O insurance

The directors and officers liability insurance, also known as D&O policy, is a liability insurance that offers coverage for the personal liability of directors and officers. This liability may arise due to wrongful acts done by them in their managerial capacity. The defense costs are covered and payable in advance under this policy before the […]

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Why should a start-up consider Directors and Officers(D&O) Insurance?

Start-ups grow so rapidly that it’s often difficult for them to correct course if they commit any mistakes. Additionally, at their incubation and early start stage, start-ups usually ignore Directors’ and Officers’ Liability Insurance. This ignorance results from the misconception that only big organizations require this policy. However, start-ups can also face fines due to […]

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Are Directors Personally Liable For Company Debts?

If directors act correctly, they may not be held liable for debts. It is a well-acknowledged fact that a company is a separate legal entity. However,  directors may be held liable for the company’s insolvency or non-payment of debts if the company wilfully defaults. In the case of many private investments, the investors insist that […]

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Are there any real life examples where D&O has helped an organisation?

A Directors & Officers Liability Policy covers the directors and officers of a company against any financial liability that they may suffer in case they commit any error or mistake in their jobs. The directors and officers of an organization are accountable to the shareholders, employees, and customers of the company. However, if they commit […]

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