Estate and Legal RepresentativeDirectors & Officers insurance is a crucial form of liability insurance that offers financial protection to the entity and its directors and officers involved in the key decisions against claims arising from lawsuits and wrongful acts committed in the course of their work. D&O coverage protects against claims made by former shareholders […]
Directors and Officers Liability Insurance
Directors and Officers Insurance for Nonprofit Organisations
Directors and Officers (D&O) insurance is a crucial form of coverage for nonprofit organisations, providing protection for the board members and officers who make critical decisions on behalf of the organisation. This directors and officers insurance cover for nonprofit organisations safeguards against legal claims and liabilities that may arise from their actions or decisions while […]
Directors and Officers’ Liability Insurance under Companies Act 2013
The Companies Act 2013 has brought in significant changes, which highlight the protection of the interests of stakeholders and other shareholders. The increased responsibilities assigned to the directors and officers heighten the chance of their being accountable for acts they commit either wrongfully or unintentionally, thereby leading to significant legal costs or other financial burdens. […]
Common D&O Lawsuits and How D&O Insurance Responds?
Building a successful business involves many difficult decisions. These challenging decisions involve many risks, one of which is a litigation risk that can lead to financial distress for directors and officers of the company. Common lawsuits against directors and officers (D&O) can include claims of negligence, breach of fiduciary duties, fraud, or misrepresentation. In order […]
Video- Why do you need a Directors & Officers liability insurance?
Why do you need a Directors & Officers liability insurance? The management and administration of any organization depend heavily on its directors and officers. They are responsible for making executive decisions that impact the company’s growth and profitability. However, even the most competent officers can make mistakes, leading to third-party losses and potential lawsuits. To […]
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 […]
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 […]
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 […]
Need of Directors and Officers liability policy – Infographic
Directors and Officers (D&O) liability insurance is crucial in today’s corporate landscape. 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. It protects directors and officers from legal actions brought against […]
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. Liability applies on such person in respect of any contravention of the provisions of the […]